Eni announces the Final Investment Decision on Greater PAJ Project, the first integrated cross-block development offshore Angola
Italy, June 23 -- Eni, through Azule Energy, announces the Final Investment Decision (FID) for the Greater PAJ Project, a major offshore oil development located in Blocks 31 and 31/21 offshore Angola. The project is operated by Azule Energy, the company equally owned by Eni and bp, and participated by Sonangol E&P and Equinor.Greater PAJ is Angola's first integrated cross-block development, representing a coordinated approach to developing hydrocarbon resources across two adjacent concessions. The project reinforces Angola's strategy to promote efficient resource management, optimize infrastructure and sustain oil production. With first oil expected in less than 3 years, in the first half of 2029, the project brings together five offshore f...
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