Azule Energy and partners announce gas discovery in Angola's Block 1/14
The Gajajeira-01 well was drilled in a water depth of 95m and 60km off the coast, where it encountered promising hydrocarbon-bearing formations in one of the Lower Oligocene targets, designated LO100.
Azule Energy is an incorporated joint venture (IJV) equally owned by BP and Eni. It owns a 35% interest in Block 1/14 while Equinor and Sonangol E&P hold 30% and 25% respectively, with the remaining 10% held by Acrep.
Spud on 1 April 2025, the well revealed more than 30m of net pay, with preliminary results suggesting good reservoir mobility.
Advanced formation evaluation and monitoring tools were employed to ensure drilling operations met high safety standards.
Initial assessments of the well indicate significant gas volumes in place, potentially exceeding one trillion cubic feet, along with up to 100 million barrels of associated condensate.
This discovery confirms the presence of a working hydrocarbon system in the Lower Congo Basin, presenting new exploration opportunities.
Azule Energy CEO Adriano Mongini said: 'This is a landmark moment for gas exploration in Angola. Gajajeira-01 is the country's first dedicated gas exploration well, and its success reinforces our confidence in the potential of the Lower Congo Basin. We are proud to contribute to Angola's long-term energy development with a focus on sustainability and energy security.'
Azule Energy is committed to further evaluating the Gajajeira-01 discovery's full potential. Working closely with its Block 1/14 partners, the company aims to devise an optimal development strategy.
The ongoing drilling campaign will now target the Lower Oligocene interval LO300.
Additionally, Azule Energy engaged Aker Solutions under a long-term frame agreement in June 2024 for engineering, procurement, and construction (EPC) services for maintenance and modifications on two FPSO units in Angola.
The three-year contract has the possibility of being extended for another two years.
"Azule Energy and partners announce gas discovery in Angola's Block 1/14" was originally created and published by Offshore Technology, a GlobalData owned brand.
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