{"id":92445,"date":"2022-10-04T00:00:11","date_gmt":"2022-10-03T22:00:11","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/angola\/azule-energy-to-participate-at-angola-oil-and-gas-aog-2022-as-platinum-sponsor\/"},"modified":"2022-10-04T00:00:12","modified_gmt":"2022-10-03T22:00:12","slug":"azule-energy-to-participate-at-angola-oil-and-gas-aog-2022-as-platinum-sponsor","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/angola\/azule-energy-to-participate-at-angola-oil-and-gas-aog-2022-as-platinum-sponsor\/","title":{"rendered":"Azule Energy to Participate at Angola Oil and Gas (AOG) 2022 as Platinum Sponsor"},"content":{"rendered":"

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Azule Energy (https:\/\/bit.ly\/3dUKXHX<\/a>), a new 50\/50 independent joint venture that combines the Angolan business assets of oil and gas supermajors, bp and Eni, will participate as Platinum Sponsors at this year\u2019s\u00a0Angola Oil & Gas (AOG) 2022 (https:\/\/bit.ly\/3UyBCpP<\/a>)\u00a0Conference and Exhibition \u2013 organized by\u00a0Energy Capital & Power (www.EnergyCapitalPower.com<\/a>)\u00a0\u2013 taking place in Luanda on November 29 \u2013 1 December.<\/p>\n<\/p>\n

The joint venture will hold a participating interest in the Angola Liquefied Natural Gas JV, one of the largest energy projects in Africa, while taking over Eni\u2019s share in renewable energy project developer, Solenova, which the supermajor jointly held with Angolan parastatal, Sonangol.<\/p>\n

\u201cThe participation of Azule Energy, Angola\u2019s largest independent oil and gas producer, as Platinum Sponsors at this year\u2019s edition of AOG exemplifies the scope and magnitude of the event, which clearly represents a fundamental opportunity for the growth and development of Angola\u2019s energy industry,\u201d states Miguel Artacho, Energy Capital & Power International Conference Director.<\/p>\n

Azule Energy has a strong pipeline of\u00a0upcoming projects (https:\/\/bit.ly\/3riiYF5<\/a>)\u00a0that includes production of the Agogo Oil Field Development in Block 15\/06, offshore Angola; the ultra-deepwater PAJ Complex Conventional Oil Field in Block 31; as well as the country\u2019s first non-associated gas project, the New Gas Consortium.<\/p>\n

With an exploration acreage exceeding 30,000km2<\/sup>, Azule Energy will draw from the expertise and experience from a leadership team that will report to a six-person board comprising six representatives from BP and Eni.<\/p>\n

Having received regulatory approvals from the Angolan Government and having secured third-party financing amounting to $2.5 billion in the form of pre-export financing, the agreement to form the JV was signed by the international oil companies in mid-March 2022, with the Memorandum of Understanding having been signed in May 2021.<\/p>\n

Bp and Eni\u00a0(https:\/\/bit.ly\/3SHjRCQ<\/a>) have expressed anticipation that Azule Energy will unlock significant cost savings, which will be derived primarily from operational synergies in logistics and technology, with the JV expected to create the potential for increased investment, job development, and socioeconomic growth in Angola.<\/p>\n

Returning for its third edition to Luanda, and under the auspices of Angola\u2019s Minister of Mineral Resources, Oil and Gas, H.E. Diamantino Pedro Azevedo, and in partnership with the country\u2019s national concessionaire, the National Oil, Gas and Biofuels Agency, AIDAC, and the\u00a0African Energy Chamber (https:\/\/bit.ly\/3Q34QcU<\/a>), AOG 2022 is the premier platform to address the most pressing matters in the country\u2019s energy market as its strives to utilize its natural resources to promote socio economic development, achieve fuel independency, and facilitate large scale investments while addressing the narrative of a just energy transition.<\/p>\n

Distributed by APO Group on behalf of Energy Capital & Power.<\/i><\/p>\n

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South Africa Today Africa \u2013 Southern Africa Angola<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"

Download logo Azule Energy (https:\/\/bit.ly\/3dUKXHX), a new 50\/50 independent joint venture that combines the Angolan business assets of oil and gas supermajors, bp and Eni, will participate as Platinum Sponsors at this year\u2019s\u00a0Angola Oil & Gas (AOG) 2022 (https:\/\/bit.ly\/3UyBCpP)\u00a0Conference and Exhibition \u2013 organized by\u00a0Energy Capital & Power (www.EnergyCapitalPower.com)\u00a0\u2013 taking place in Luanda on November 29 […]<\/p>\n","protected":false},"author":11,"featured_media":92446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","fifu_image_alt":"","footnotes":""},"categories":[4262],"tags":[258,256,3941,4263,33166,43555,7424,7168,257,4221,7492,4645,254,11966],"class_list":["post-92445","post","type-post","status-publish","format-standard","has-post-thumbnail","category-angola","tag-africa","tag-africa-news","tag-angola","tag-angola-news","tag-aog","tag-azule","tag-energy","tag-gas","tag-news","tag-oil","tag-participate","tag-platinum","tag-south-africa-today","tag-sponsor"],"fifu_image_url":"https:\/\/www.africa-newsroom.com\/uploads\/socialshare.jpg","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/92445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=92445"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/92445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/92446"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=92445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=92445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=92445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}