BW Energy has confirmed that one of its subsidiaries is participating in discussions that could lead to the acquisition of Azule Energy’s non-operated interests in Block 14/14K offshore Angola. Azule Energy is the joint exploration and production venture in Angola and Namibia between Eni and bp.
However, BW Energy has stressed that the process is still in its exploratory phase and no binding terms have been agreed upon. The company has not provided additional details about the potential transaction or timeline for any potential agreement.
Source: offshore-mag.com