BW Energy Makes Strategic Angola Entry with Chevron-Operated Block Deal

BW Energy has taken a major step into Angola’s offshore sector, striking a joint deal with Maurel & Prom (M&P) to acquire minority stakes in two producing deepwater blocks from Azule Energy, the Eni–BP joint venture that dominates much of the country’s upstream landscape. Under the agreement, the consortium will purchase a combined 20% interest in Block 14 and 10% in the adjacent Block 14K. BW Energy’s net stake will be 10% in Block 14 and 5% in Block 14K, while M&P will hold the same. The transaction giv ...