09 Sept 2025
Azule Energy, ANPG Signs Agreement for Block 31 in Angola
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International energy company Azule Energy signed an agreement with Angola’s upstream regulator the National Oil, Gas & Biofuels Agency (ANPG) at the Angola Oil & Gas Conference and Exhibition last week. The agreement establishes the framework for incremental production from additional development wells at the block.
Situated in the Lower Congo Basin, Block 31 is a producing asset within Angola’s ultra-deepwaters. The recent agreement sets out the redefinition, re-demarcation and unification of the Development Area boundaries, thereby consolidating them into a single development comprising four fields - Plutão, Saturno, Vênus and Marte (PSVM).
As part of the agreement, the production agreement of the PSVM Development Area has been extended until December 31, 2032, ensuring continued development and production from one of Angola’s key offshore assets.