Azule Energy discovers oil offshore Angola

The Algaita-01 well, drilled in water depths of 667 m, encountered multiple reservoir intervals with excellent petrophysical properties, indicating development potential in the Lower Congo basin, the company said.

Feb. 16, 2026

Angola map — Azule Energy and partners discovered oil in Block 15/06 in the offshore Lower Congo basin, offshore Angola.

Azule Energy and partners discovered oil in Block 15/06 in the offshore Lower Congo basin, offshore Angola.

Preliminary estimates indicate oil in place of around 500 million bbl, and the presence of existing nearby production infrastructure—about 18 km from Olombendo FPSO—improves development prospects, the operator said in a release Feb. 13.

The Algaita-01 exploration well, spudded on Jan. 10, 2026, was drilled by the Saipem 12000 drillship in a water depth of 667 m. The well encountered oil-bearing sandstones in multiple Upper Miocene intervals.

Drilling operations were completed Jan. 26, followed by advanced formation evaluation logs to assess reservoir quality and fluid characteristics. Preliminary interpretation of wireline logging and fluid sampling indicates the presence of multiple reservoir intervals with excellent petrophysical properties and fluid mobilities, the company said.

Azule Energy is an incorporated joint venture equally owned by bp plc Eni SpA. The company currently produces around 200,000 boe/d in Angola.

Block 15/06 is operated by Azule Energy (36.84%), in partnership with SSI (26.32%) and Sonangol E&P (36.84%).