In a press release published on July 14, Azule Energy, a joint venture owned equally by Eni and BP PLC, announced that it had discovered gas in Block 1/14, off the coast of Bas-Congo Basin, in the Republic of Angola.

Initial assessments suggest that gas volumes at the site could exceed 1 tcf, with up to 100 million barrels of associated condensate, according to the company statement. The joint venture will continue to assess the full potential of the discovery and collaborate with block partners to define a development strategy. The Gajajeira-01 exploration well, drilled on April 1, 2025, in 95 m of water at a depth of 95 m about 60 km from the coast, encountered sandstones containing gas and condensates in one of the Early Oligocene targets (LO100