International energy company Azule Energy has divested its stakes in Block 14 and Block 14K in Angola’s offshore Lower Congo Basin, signing a sale and purchase agreement with a consortium comprising Maurel & Prom and BW Energy. The decision forms part of Azule Energy’s ongoing effort to streamline its portfolio and focus on strategic assets.
Azule Energy currently holds a 20% interest in Block 14 and a 10% stake in Block 14K. The $310 million transaction is expected to close in mid-2026, pending customary adjustments and regulatory and partner approvals.
“This transaction is aligned with Azule Energy´s strategy to concentrate our efforts on our core assets in Angola. As the company completes this divestment, it will continue to pursue opportunities that will meet the country’s energy needs and drive a sustainable future,” stated Joseph Murphy, CEO, Azule Energy.