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Natural gas

Azule Energy Spuds First Well at Angola's Inaugural Non-Associated Offshore Gas Development

Strategic Insights

— 1 min read

Azule Energy, a joint venture between BP and Eni, has marked a significant milestone in the development of its New Gas Consortium (NGC) project in Angola by spudding the first well, QUI-Q-GP01, at the country's inaugural non-associated offshore gas development. This achievement comes after the project's final investment decision (FID) was made in July 2022. The NGC project, which includes the development and production of gas from the Quiluma and Maboqueiro (Q&M) shallow water fields, is expected to produce four billion cubic meters of gas per year, with the first gas expected at the start of 2026.

Key Takeaways:

  • The QUI-Q-GP01 well was spudded using the Valaris jack-up drilling rig Valaris V-144, marking the first well of the NGC project.
  • The NGC project is a non-associated gas development, targeting to develop and produce non-associated gas located in the offshore gas fields to supply Angola LNG.
  • The project is expected to produce four billion cubic meters of gas per year, with a production rate of more than 300 mmscfd at plateau.
  • Azule Energy is the operator of the NGC project, jointly with Azule LTD, with partners including Chevrons Cabinda Gulf Oil Company (CABGOC), Sonangol Pesquisa e Produção (Sonangol P&P), and TotalEnergies EP Angola Développement Gaz.
  • The project includes the development of two offshore platforms, an onshore gas processing plant, and a connection to the Angola LNG plant.
  • The NGC project is expected to enhance Angola's gas export capability and deliver safe, efficient, and sustainable energy solutions.

Statistics:

  • 4 billion cubic meters of gas per year: Expected production level of the NGC project.
  • 300 mmscfd: Planned production rate at plateau.
  • 2026: Expected start of gas production.
  • July 2022: Final investment decision (FID) for the NGC project.

Sources:

  • "Azule Energy Spuds First Well at Angola's Inaugural Non-Associated Offshore Gas Development" by Global Data Point (2022).

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