Eni: investment decision taken for the Greater PAJ project in Angola
Eni, through Azule Energy, has announced that it has reached the Final Investment Decision for the Greater PAJ project, a major offshore oil development located in Blocks 31 and 31/21 off the coast of Angola. According to a statement, the project is operated by Azule Energy, a 50-50 joint venture between Eni and BP, with Sonangol E&P and Equinor as partners. “Greater PAJ is Angola’s first integrated inter-block development and represents a coordinated approach to the development of hydrocarbon resources in two adjacent concessions,” the statement continues. With first oil expected in less than three years, in the first half of 2029, the project encompasses five offshore fields spread across the two blocks: Palas, Astraea and Juno in Block 31, and Urano and Dione in Block 31/21.
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