Azule Energy starts production from Ndungu full-field project with Sinopec as partner

Azule Energy's commencement of production at the Ndungu full-field project, part of the Agogo Integrated West Hub (IWH) in Block 15/06 offshore Angola, marks a significant development in the region's oil and gas sector. The project, involving Sinopec as a key partner with a 26.32% stake, aims to add 60,000 barrels per day (bpd) to Angola's production capacity. This development underscores the ongoing investment in Angola's offshore resources and the continued collaboration between international and national oil companies to enhance production capabilities. The Ndungu project highlights the strategic importance of Angola as a key oil-producing nation. The involvement of Azule Energy as the operator, alongside Sinopec and Sonangol E&P, demonstrates a blend of international expertise and local participation. While the deal value remains undisclosed, the project's capacity and the participation of major players suggest a substantial investment. This project will likely contribute to Angola's economic growth and further solidify its position in the global energy market.