Deals Counterparts

Eni and bp's Azule Energy achieves first gas from Quiluma field in Angola

Development Oil Gas announced Angola Mar 17, 2026
150 MMscf/d
Capacity

Azule Energy, a joint venture between Eni and bp, announced first gas from the Quiluma field, part of the New Gas Consortium (NGC), marking a key step forward for Angola’s gas monetization strategy. Initial production from the Quiluma field is set at 150 MMscf/d, with output expected to ramp up to 330 MMscf/d in 2026. Gas from Quiluma will be processed at the Soyo gas treatment plant and then supplied to the Angola LNG facility for both export and domestic use. The NGC development targets non-associated gas resources, supporting Angola’s efforts to expand LNG exports while increasing domestic gas utilization. Azule Energy operates the project and produces more than 230,000 barrels of oil equivalent per day, playing a central role in Angola’s upstream sector.

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Deal Analysis

First gas from Angola's Quiluma field, part of the New Gas Consortium, significantly advances the nation's gas monetization objectives. This development, operated by Azule Energy, initially delivers 150 MMscf/d, with production slated to more than double to 330 MMscf/d by 2026. Gas from Quiluma will be processed at the Soyo plant before supply to the Angola LNG facility, supporting both international export and domestic energy needs. The project specifically targets non-associated gas resources, aligning with Angola's strategy to expand its LNG export capacity and increase local gas utilization. This phased ramp-up provides a clear commercial pathway for the resource. Azule Energy, formed from the combined Angolan assets of Eni and bp, operates this Quiluma field development and already produces over 230,000 barrels of oil equivalent per day in Angola. For bp, this aligns with its strategy of growing upstream operations, while Eni, an integrated energy company operating in 64 countries, balances its commitment to carbon neutrality by 2050 with continued gas resource development. The joint venture's focus on non-associated gas resources through the New Gas Consortium directly supports Angola's ambition to diversify its energy exports beyond oil. This project enhances Azule Energy's central role within Angola's upstream sector.
  • Quiluma field's initial production of 150 MMscf/d is projected to reach 330 MMscf/d by 2026.
  • Azule Energy, a joint venture of Eni and bp, operates the project and produces over 230,000 barrels of oil equivalent per day in Angola.
  • Gas from the Quiluma field will supply the Angola LNG facility for both export and domestic use.
  • The New Gas Consortium development specifically targets non-associated gas resources in Angola.
  • Eni, a parent company, is committed to achieving carbon neutrality by 2050 while developing this gas asset.
  • The first gas achievement was announced on 2026-03-17.

Timeline

Announced
Mar 17, 2026
Signed
Closed

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