Angola: Azule Energy, Equinor Sign PSA for Block 31/21

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September 4, 2023

“The signature of the PSA for Block 31/21 expands Azule’s operatorship position in this proven and well-known petroleum system where Azule Energy had great exploration success and discovered major oil accumulations in adjacent blocks,” stated Azule Energy CEO Adriano Mongini, adding, “Azule Energy is very proud to reinforce its position as a strategic partner of Angola and as the largest independent equity producer of oil and gas in the country.”

Situated approximately 170km from Angola’s coastline in the Lower Congo Basin, Block 31/21 encompasses an area of roughly 4,500km² and boasts 12 discoveries near existing infrastructure.

Under the PSA, Block 21/31 will be operated by Azule Energy with a 50% participating interest.

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ANGOLA OIL & GAS 2023

Matthew Goosen

Matthew Goosen is a Video Editor and Content Writer at Energy Capital & Power. He holds an Honours Degree in Film and Media Studies at the University of Cape Town and is currently undergoing his Masters Degree. Born in Pretoria and raised internationally, he has been living in Cape Town since 2013.