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this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029. The partners completed the offshore platform for Angolas first non-associated gas project in February 2025, with production on track for early-2026. Algerias Sonatrach will increase hydrocarbon production by 2.5%
In Guyana , through its Azule Energy joint venture with Eni, the Agogo FPSO completed construction and is now en route to Block 15/06, enhancing production in Angolas offshore region. Drilled to 23,830 feet, this deepwater find reinforces BPs leading Gulf position. shale basins. Total capital expenditures are projected at $1.05 billion $4.97
The $8-billion project is expected to see peak production of 160,000 barrels of oil per day, beginning in 2029, according to 2020 estimates but since then, this has been revised up to a maximum of 180,000 barrels per day (bpd). The pipeline for the Pikka project is expected to be completed by the end of 2025.
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