Overview of Azule Energy's Greater PAJ Project

Azule Energy's Greater PAJ project offshore Angola has awarded new contracts to OneSubsea for umbilicals and Vallourec for rigid pipes, following earlier contract wins for the FPSO, transport and installation, risers and flexible flowlines, and subsea production systems. The project will exploit five deepwater discoveries via 17 subsea wells tied back to an FPSO with a nominal capacity of 95,000 barrels per day of oil.

Contract Details and Local Impact

Six contracts, including those with OneSubsea and Vallourec, were signed at a final investment decision ceremony in Luanda on 23 June. The project is expected to generate 1.8 million hours of local jobs, involving large-scale manufacturing of over 6,500 tonnes of structures, foundation piles, and risers. Local work includes onshore/offshore assembly, support activities, and training and mobilisation of a national workforce for over 600 jobs.

Reserves and Production Plans

Total reserves for the development are estimated at 252 million barrels. Approximately 143 million barrels are held in the Palas, Astraea, and Juno discoveries in Block 31, with 108 million barrels in the Urano and Dione finds in Block 31/21. These will be exploited via 10 production wells (six in Block 31) and seven water injectors (four in Block 31), with first oil expected in the first half of 2029.

Project Significance

At the FID ceremony, ANPG chairman Paulino Jeronimo stated that Greater PAJ reinforces Angola's position as an attractive destination for international investment, promoting stability, economic growth, and revenue generation. Azule CEO Joe Murphy added that the project reflects the value of collaboration and the ability to unlock resources through integrated and efficient development solutions.