What is the Greater PAJ offshore oil project, and who approved it?

The Greater PAJ offshore oil project is Angola's first integrated cross-block development, located in the deepwater Lower Congo Basin, and was given final investment decision (FID) approval by Azule Energy — a joint venture between BP and Eni — along with its partners, including Equinor, Angola's oil and gas agency ANPG, and state-owned Sonangol. Azule Energy operates the project.

How much oil is estimated to be in the Greater PAJ development, and when is first oil expected?

Total oil reserves associated with the Greater PAJ development across Blocks 31 and 31/21 are estimated at 252 million barrels, with first oil expected in the first half of 2029, according to the press statement celebrating the final investment decision.

Azule Energy gives final go-ahead to $5.1 billion Angola offshore project

Jun 22, 2026

Azule Energy approved the $5.1 billion Greater PAJ offshore oil project in Angola with partners including Equinor and Sonangol. Estimated reserves total 252 million barrels, with first oil production targeted for the first half of 2029.

reuters

2026-06-22

Azule Energy gives final go-ahead to $5.1 billion Angola offshore project

Azule Energy gives final go-ahead to $5.1 billion Angola offshore project

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