Angola is one of the African Countries we are investing more energy in, in the Exploration & Production sector, through the joint venture Azule Energy, and in the Refining & Marketing and Chemical sector, through the Angolan sales office, Versalis International.
Business in Angola is extremely relevant to Eni; this is why, in August 2022, we established Azule Energy, a 50/50 independent joint venture that groups Eni and bp’s Angolan activities. The JV is now Angola’s largest independent equity producer of oil and gas, combines both companies’ Angolan E&P, LNG and solar businesses and it holds:
2 billion barrels equivalent of net resources and growing to about 250,000 barrels equivalent a day (boe/d) of equity oil and gas production over the next 5 years
stakes in 16 licences (of which 6 are exploration blocks) and a participation in Angola LNG JV.
Azule Energy will also take over Eni’s share in Solenova, a solar company jointly held with Sonangol, and the collaboration in the Luanda Refinery. Azule Energy boasts a strong pipeline of new projects that are scheduled to come on stream over the next few years, growing organically from exploration discoveries. These include the Agogo Full Field and PAJ oil projects in Blocks 15/06 and 31 respectively, and the New Gas Consortium (NGC), the first non-associated gas project in the country, which will support the energy needs of Angola’s growing economy and strengthen its role as a global LNG exporter.
Exploration & Production
Below is the 2021 data on our production in the country.
In July 2022, Eni and its Partners in the New Gas Consortium (NGC) announced that the Final Investment Decision (FID) for the development of theQuiluma and Maboqueiro fields has been taken by the Consortium. This is Angola’s first non-associated gas development project. The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates and gas via LNG cargoes.
Our projects in the area
The Exploration & Production sector focuses on conventional and deep offshore activities, for an overall developed and undeveloped area of 33,429 square km (of which 10,810 belonging to Eni). The Country’s main asset is Block 15/06 (Eni 36.84%, operator), located in Angola's deep waters, with the West Hub and East Hub projects, both in production since 2014 and 2017, respectively. Eni’s Exploration & Production activities in Angola are governed by concession and Product Sharing agreements. We participate for 13.6% in the Angola LNG Consortium (ALNG), which manages a liquefaction plant in Soyo, with a treatment capacity of approx. 10 billion cubic meters/year of feed gas, and liquefaction of 5.2 million tonnes of LNG/year.
In December 2021, we reached the Final Investment Decision and signed the Engineering, Provisioning and Construction (EPC) contract for the first stage of the Caraculo photovoltaic project, in the Namibe province. The plant, with a total capacity of 50 MWp, will be an important source of electrical power from a renewable resource and will allow the reduction of diesel consumption for electricity generation, thus reducing the emission of greenhouse gases (GHG) and contributing to Angola’s energy transition. In addition to the positive impact on the environment, the project will also contribute to the sustainable development of communities in the surrounding areas. As for downstream, we renewed our commitment onthe Luanda Refinery where the operational efficiency of the asset has improved significantly in the last three years.
In October 2021, through Eni Angola, we signed a Memorandum of Understanding (MoU) with ANPG and Sonangol for the joint development of the agro-biofuel sector in the country. Under the MoU, we will develop a de-carbonizationpath for the Republic of Angola through a circular economy approach, assessing in particular the development of low-ILUC (indirect land‐use change) cultivations such as castorbeans on degraded lands and cover crops in rotation with cereals. As part of the MoU, we will also evaluate business opportunities in the areas of waste-collection, with the purpose of valorizing the organic fraction and bio-refining.
Our products and services in Angola
For further information on this Country, see the dedicated website.
In Angola we are developing our "East Hub" and "West Hub" Upstream projects and numerous initiatives on access to water resources and health promotion in local communities. We aim to improve energy efficiency in our work, but also to have a positive impact on places. Local development programs and initiatives progressed during 2021 in particular with the South West integrated project in Huila and Namibe area, to support local communities affected by drought; access to energy, with health centers electrification by means of solar panels installation; an agricultural development program in the Cabinda area in partnership with local institutions; ongoing support of the Halo Trust initiative for the f land demining in the Benguela province; and several health initiatives in the Luanda, Cabinda and Zaire areas with healthcare staff training programs as well as medical equipment supplies.
Innovation at East and West Hub
The East Hub and West Hub projects have allowed us to deliver some of our most important successes in exploration and production, thanks to major investments in technology and close cooperation with the host country.
We aim to improve the living conditions of local communities. That's why, starting in September 2017, we’ve installed eight 5 KW solar power plants in schools and medical centres, as well as drilling eight water wells and launching health and vaccination campaigns. We have also created 16 agricultural cooperatives and trained 400 farmers.
In 2018, Eni Angola commissioned the Danish Institute for Human Rights (DIHR), an independent body funded by the Danish state, to conduct a Human Rights Assessment (HRA) in relation to the exploration activity in the Cabinda Nord block. The report from the assessment includes the main observations and recommendations that emerged from the study, along with interviews from representatives from Eni Angola and external stakeholders. The document identified several focus points, including security management, respect for human rights in the workplace and in trade relations. Since 2020 we publish an update of Eni for Human Rights, the company’s report that provides information on its commitment to the respect for human rights, showing a strengthening of its internal procedures on this fundamental matter. The report builds on the work undertaken by Eni over the past 6 years in the countries in which we operate.
In 2021, we started a project to support the Angolan Ministry of Health in improving the provision of specialist medical services to 3 hospitals in Luanda, with the collaboration of Italian institutes of excellence in the fields of training, research and health care. More than 170 doctors have participated in training courses and 28 patients have benefited from a cardiac surgical assessment at Josina Machel Maria Pia Hospital. We set up of the COVID and infectious diseases treatment unit, we did an upgrade of the educational training centre and a medical library at Hospital Divina Providência and we installed a telemedicine system for Hospital Divina Providência and David Bernardino Children's Hospital.
Organised in partnership between UNESCO, the Government of Angola and the African Union, the Biennale of Luanda wanted to promote the prevention of violence and the resolution of conflicts, by encouraging cultural exchanges in Africa, dialogue between generations and the promotion of gender equality. The 2021 edition of the Pan-African Forum developed the theme "Arts, Culture And Heritage: Levers for Building the Africa We Want”, with a rich programme of events scheduled from 27 November to 2 December, in which we took part as a private sector sponsor. As a space for reflection and dissemination of artistic works, ideas and best practices related to the culture of peace, the Biennale of Luanda brought together representatives of governments, civil society, the artistic and scientific community, and international organizations.
In the province of Huila, just as in other provinces in Angola, the majority of primary schools in rural areas are staffed by teachers who lack any specific teacher training. At the end of 2019, we launched an initiative aimed at addressing this very need by delivering professional development content for over 550 teachers working in rural primary schools and 11 trainers. We contributed to improving the quality of primary education through a series of forty educational sessions, combined with hours’ worth of content designed to raise awareness of and prevent Covid-19 and the provision of equipment and school supplies. Over the course of the sessions, participants learned how to prepare lessons and organise simple tests with the children to check their learning progress and were trained in how to organise a large class while at the same time ensuring that each child received the attention they required.
The initiative, promoted by Eni in collaboration with Angola’s Health Ministry, has kicked-off in Divina Providencia hospital Luanda with training sessions for sixteen doctors. These training sessions include telemedicine and hands-on training carried out by specialist doctors, with the aim to enhance the specialist skills of Angolan doctors. The training activities are part of a broader initiative launched in 2019 and aimed at providing capacity building and training to Angolan doctors by means of a twinning program with Italian reference health institutions. Areas of intervention include Cardiac Surgery, Pediatric Nephrology and Dialysis, Pediatric Hematology, Pediatric Neurology, Mother and Child Health, Infectious Diseases, Epidemiology, Nutrition and referral system at primary healthcare care level. The project is based on a 5m$ investment. Within the framework of this International health project, activities are also going to take place in Cabinda, in parallel with other health development initiatives that are part of Eni’s Local Development Plan.
Press releases
Keep up to date with the latest news about our work in the country and our projects in the region.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
You must read the following information before continuing.
The information contained in this segment of the website is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in the United Kingdom, Canada, Australia, Japan or any other jurisdiction in which it is unlawful to do so. The information also is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in Italy who are not “qualified investors” (investitori qualificati), as defined in Article 2, letter e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) pursuant to Article 1, fourth paragraph, letter a) of the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018.
By clicking the button below labeled “I agree”, you are certifying that (A) if you are in the European Economic Area, you are a “Qualified Investor”; (B) you are not accessing this portion of the website from the United Kingdom, Australia, Canada or Japan; (C) if you are a resident or physically present in Italy, you are a qualified investor as defined under the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018; and (D) you are not located in a jurisdiction where it is unlawful to access this portion of the website.
You acknowledge that the information and statements contained in the document you are accessing on this website speak only as of the date of such document (or such other date(s) specified therein), and such information and statements may become inaccurate, stale and/or out-of-date thereafter and should not be relied upon for any investment decision.
You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law.
You acknowledge that the access to information and documents contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access this portion of the website. If you are not authorized to access the information and document contained on this portion of the website or you are not sure that you are permitted to view these materials, you should leave this portion of the website.
You acknowledge that no registration or approval has been obtained and Eni Gas e Luce S.p.A. società benefit and its affiliates assume no responsibility if there is a violation of applicable law and regulation by any person.
By clicking the button below labeled “I agree”, you are confirming that you have read and understood the disclaimer above.
If you cannot so confirm, you must exit this portion of the website
