Bp-Eni Joint Venture Races to Fast-Track Namibian Oil Production – African Peace Magazine

Bp-Eni Joint Venture Races to Fast-Track Namibian Oil Production

Bp-Eni Joint Venture Races to Fast-Track Namibian Oil Production

Azule Energy, the joint venture between bp and Eni, is accelerating Namibian oil operations following its successful oil discovery at the Capricornus well in April 2025. The company negotiated a stake in block 2914A from operator Rhino Resources and aims for a final investment decision by the end of 2026, potentially enabling production by 2029.

CEO Adriano Mangini expressed confidence in the discovery and confirmed ongoing development discussions for Capricornus. Azule has the option to assume operatorship during the development phase, with collaborative discussions progressing between partners. The company, established in Angola in 2022, plans to maintain a long-term presence in Namibia based on existing discoveries.

Source: namibiaoilandgas.com