San Donato Milanese (Milan), June 22, 2026 – Eni, through Azule Energy, has announced the Final Investment Decision (FID) for the Greater PAJ Project, a major offshore oil development located in Blocks 31 and 31/21 offshore Angola. Operated by Azule Energy—jointly owned by Eni and bp—the project includes participation from Sonangol E&P and Equinor.
The Greater PAJ Project marks a significant milestone for Angola’s oil and gas industry as the country’s first integrated cross-block offshore development. By coordinating the development of hydrocarbon resources across two adjacent concessions, the project supports Angola’s strategy to maximize resource efficiency, optimize infrastructure utilization, and sustain long-term crude oil production.
First Oil Targeted for 2029
The development is expected to achieve first oil in the first half of 2029, less than three years after the investment decision. Greater PAJ combines five offshore fields across the two concessions:
- Palas, Astraea, and Juno in Block 31
- Urano and Dione in Block 31/21
The integrated development model is designed to unlock additional value from Angola’s offshore resources while reducing execution complexity and improving operational efficiency.
New FPSO to Deliver 95,000 Barrels Per Day
The project will include the drilling of 17 production wells connected to a new Floating Production, Storage and Offloading (FPSO) vessel.
Key project specifications include:
- Production capacity of 95,000 barrels of oil per day (bpd)
- Gas export capacity of 70 million standard cubic feet per day (MMscfd)
- New gas export pipeline connected to the existing Block 31 gas export network
- Gas deliveries to the Angola LNG (ALNG) facility
The FPSO and associated infrastructure are expected to play a critical role in supporting Angola’s energy exports while enhancing the country’s natural gas monetization strategy.
Strategic Importance for Angola’s Energy Sector
As Angola continues to prioritize efficient resource development and energy security, the Greater PAJ Project represents one of the country’s most significant offshore investments in recent years. The development is expected to contribute to national production levels, create economic value, and strengthen Angola’s position as a leading oil producer in Africa.
The project also highlights continued collaboration between international energy companies and Angola’s national energy stakeholders to develop offshore resources responsibly and efficiently.
Eni’s Long-Term Presence in Angola
Eni has operated in Angola since 1980 and currently records equity production of approximately 115,000 barrels of oil equivalent per day in the country.
The company conducts its upstream activities through Azule Energy, the joint venture established by Eni and bp, while Eni Natural Energies is advancing a portfolio of decarbonization and energy transition initiatives across Angola.
With the approval of the Greater PAJ Project, Eni, Azule Energy, bp, Sonangol E&P, and Equinor are advancing one of Angola’s most important offshore oil developments, reinforcing the country’s role in global energy markets and supporting future production growth.
