Angola’s Oil Production Surges Toward 1.23 Million Barrels Daily as Azule Energy Achieves First Oil
Angola is racing toward a production milestone of over 1.2 million barrels per day as the bp/ENI joint venture Azule Energy announced the successful start-up of its Agogo Floating Producing Storage and Offloading facility offshore Angola. The achievement comes less than two weeks after TOTAL announced first oil from two separate projects, creating a perfect storm of production growth for the West African nation.
The Agogo Integrated West Hub project, featuring the development of both Agogo and Ndungu fields in Block 15/06’s West Hub, boasts estimated reserves of approximately 450 million barrels with projected peak production of 175,000 barrels per day. Combined with TOTAL’s Begonia and CLOV 3 projects adding 60,000 barrels per day at peak, Angola could achieve a firm 1.23 million barrels per day before December 2025.
What sets the Agogo project apart is its groundbreaking environmental credentials. The FPSO features fully electric topside and marine systems, a pilot Carbon Capture and Utilization/Storage unit, and combined cycle power generation, making it Angola’s first FPSO with fully offset operational carbon emissions. The project achieved the remarkable feat of moving from sanction in February 2023 to production in just 29 months, setting new industry benchmarks through its phased development approach.
However, industry experts caution that mature basins are notorious for sudden output declines, making sustained peak production a critical challenge ahead.
Source: africaoilgasreport.com
