Azule Energy, a company equally owned by BP and Eni, has announced the Final Investment Decision (FID) for the Greater PAH Project, an offshore oil development located in Blocks 31 and 31/21 offshore Angola (Eni press release, 23/06/2026). It consists of 17 wells connected to a new Floating Production, Storage and Offloading vessel (FPSO) with a nameplate capacity of 95,000 bbl/d and a gas export capacity of 70 mcf/d (0.7 bcm/year) of gas, which will be delivered to Angola LNG (ALNG) plant via a new gas export line that will be tied-in to the existing Block 31 gas export network.
The project, which is operated by Azule Energy and participated by Sonangol E&P and Equinor, should achieve first oil in 2029, bringing together five offshore fields across the two blocks – Palas, Astraea and Juno in Block 31 and Urano and Dione in Block 31/21.