BW Energy is continuing to expand its African portfolio by entering Angola’s offshore sector through the acquisition of stakes in blocks 14 and 14K. The transaction, reported on Friday, December 12, 2025, by Upstream and confirmed by a company statement, is being carried out alongside Maurel & Prom and involves assets sold by Azule Energy, the joint venture between BP and Eni.

The total value of the deal is about $310 million. Through this acquisition, BW Energy gains a foothold in one of sub-Saharan Africa’s leading oil-producing countries, with exposure to fields already in production and supported by existing infrastructure.

For more information, please see https://www.ecofinagency.com/news-industry/1512-51418-bw-energy-targets-angola-as-new-growth-hub-in-africa