Jul 31, 2025
BP-Eni joint venture achieves initial oil milestone from Yinson Production’s carbon capture-enhanced FPSO.
Azule Energy, a 50/50 joint venture between BP and Eni, has commenced oil production from its project off the Angolan coast, utilizing a floating production, storage, and offloading (FPSO) vessel equipped with carbon capture technology for decarbonizing operations.
The start of oil production from the Agogo Integrated West Hub (Agogo IWH) project is being celebrated as a historic milestone, marking the first FPSO deployment offshore Angola since the formation of the Angolan National Petroleum, Gas and Biofuels Agency (ANPG) in 2019, as well as the first major project since Azule Energy was established in 2022.
Adriano Mongini, CEO of Azule Energy, stated that the launch of the Agogo IWH project, approved shortly after Azule Energy's formation, is a significant moment for the company, reflecting its technical abilities and commitment to Angola’s energy sector.
He added that this achievement supports their production objectives and showcases their dedication to responsible energy practices through innovative emission reduction efforts. Azule Energy is proud to play a role in Angola's energy future and to set new environmental responsibility standards in offshore operations.
In February 2023, Azule Energy awarded Yinson Production a $5.7 billion contract for the FPSO Agogo, which left the Cosco Shipping Heavy Industry shipyard in Shanghai, China, on February 20, 2025, and arrived in May 2025 for deployment at Block 15/06 offshore Angola, unlocking the Agogo and Ndungu fields' potential.
The FPSO has a production capacity of 120,000 barrels of oil per day and incorporates carbon-reduction technologies, including what is claimed to be the first pilot post-combustion carbon capture system in the industry. The Agogo project, fast-tracked in 29 months, aims to achieve a production rate of up to 175,000 barrels a day, reshaping Angola’s energy landscape.
Azule Energy emphasized that the Agogo FPSO exemplifies the industry's commitment to technological innovation and a low-emission future, featuring advanced solutions to minimize environmental impact while enhancing operational efficiency. The Agogo FPSO is uniquely characterized as a 'green' FPSO amid rising concerns about carbon emissions.
All topside and marine systems are designed to be fully electric. The Agogo FPSO includes a pilot carbon capture and utilization/storage (CCUS) unit to recover CO2, making it a pioneer in Angola and globally in this technology. It also benefits from combined cycle power generation.
The vessel, incorporating innovative carbon capture technology and sustainable power systems, is expected to be Angola’s first carbon-neutral FPSO and serves as the cornerstone of the Agogo Integrated West Hub project, operated by Azule Energy in Block 15/06, with a 36.84% share, alongside partners Sonangol P&P (36.84%) and Sinopec International (26.32%).
Paulino Jerónimo, Chairman of the ANPG Board, noted that this milestone reinforces confidence in their investment in technological innovation and the development of Angola’s natural resources, where sustainability, efficiency, and inclusion are crucial.
He highlighted that this FPSO is designed to reduce carbon emissions, aligning with energy transition goals, and reflects a strong investment in national human capital, with 80% of the workforce being Angolan.
The combined reserves of the Agogo and Ndungu fields are estimated at about 450 million barrels, with projected peak production of 175,000 barrels per day from two FPSOs: Agogo and Ngoma.
Azule Energy pointed out that, along with several ongoing carbon compensation projects, they are introducing the first FPSO in Angola where operational carbon emissions are fully offset.
The start of oil production from the Agogo Integrated West Hub (Agogo IWH) project is being celebrated as a historic milestone, marking the first FPSO deployment offshore Angola since the formation of the Angolan National Petroleum, Gas and Biofuels Agency (ANPG) in 2019, as well as the first major project since Azule Energy was established in 2022.
Adriano Mongini, CEO of Azule Energy, stated that the launch of the Agogo IWH project, approved shortly after Azule Energy's formation, is a significant moment for the company, reflecting its technical abilities and commitment to Angola’s energy sector.
He added that this achievement supports their production objectives and showcases their dedication to responsible energy practices through innovative emission reduction efforts. Azule Energy is proud to play a role in Angola's energy future and to set new environmental responsibility standards in offshore operations.
In February 2023, Azule Energy awarded Yinson Production a $5.7 billion contract for the FPSO Agogo, which left the Cosco Shipping Heavy Industry shipyard in Shanghai, China, on February 20, 2025, and arrived in May 2025 for deployment at Block 15/06 offshore Angola, unlocking the Agogo and Ndungu fields' potential.
The FPSO has a production capacity of 120,000 barrels of oil per day and incorporates carbon-reduction technologies, including what is claimed to be the first pilot post-combustion carbon capture system in the industry. The Agogo project, fast-tracked in 29 months, aims to achieve a production rate of up to 175,000 barrels a day, reshaping Angola’s energy landscape.
Azule Energy emphasized that the Agogo FPSO exemplifies the industry's commitment to technological innovation and a low-emission future, featuring advanced solutions to minimize environmental impact while enhancing operational efficiency. The Agogo FPSO is uniquely characterized as a 'green' FPSO amid rising concerns about carbon emissions.
All topside and marine systems are designed to be fully electric. The Agogo FPSO includes a pilot carbon capture and utilization/storage (CCUS) unit to recover CO2, making it a pioneer in Angola and globally in this technology. It also benefits from combined cycle power generation.
The vessel, incorporating innovative carbon capture technology and sustainable power systems, is expected to be Angola’s first carbon-neutral FPSO and serves as the cornerstone of the Agogo Integrated West Hub project, operated by Azule Energy in Block 15/06, with a 36.84% share, alongside partners Sonangol P&P (36.84%) and Sinopec International (26.32%).
Paulino Jerónimo, Chairman of the ANPG Board, noted that this milestone reinforces confidence in their investment in technological innovation and the development of Angola’s natural resources, where sustainability, efficiency, and inclusion are crucial.
He highlighted that this FPSO is designed to reduce carbon emissions, aligning with energy transition goals, and reflects a strong investment in national human capital, with 80% of the workforce being Angolan.
The combined reserves of the Agogo and Ndungu fields are estimated at about 450 million barrels, with projected peak production of 175,000 barrels per day from two FPSOs: Agogo and Ngoma.
Azule Energy pointed out that, along with several ongoing carbon compensation projects, they are introducing the first FPSO in Angola where operational carbon emissions are fully offset.