Angola’s Agogo Integrated West Hub

Angola

The Agogo Integrated West Hub (Agogo IWH) project is a landmark upstream offshore initiative located in Angola’s Block 15/06.

Operated by Azule Energy, the project targets the development of the Agogo and Ndungu Fields, forming part of a strategic effort to boost national oil production capacity and modernise the country’s offshore infrastructure.

SPECIFICATIONS: The Agogo IWH project lies in the deepwater Lower Congo Basin, at depths ranging from 800-1,400 metres. The Agogo and Ndungu Fields are estimated to hold combined reserves of around 450 million barrels of oil. Peak production of 175,000 bopd is expected to be sustained through dual-FPSO deployment – via the Ngoma FPSO and the newly operational Agogo FPSO.

AGOGO FPSO FEATURES: The Agogo FPSO is the world’s first floating production unit equipped with a post-combustion carbon capture and storage unit, capable of reducing CO2 emissions by up to 27%. It also features one of the first combined-cycle power generation systems installed on an FPSO, along with energy-efficient systems including a seawater-driven turbine generator, vapour recovery unit and a closed flaring strategy to eliminate routine flaring. Advanced digital automation and electrification further reduce the vessel’s environmental footprint.

KEY PLAYERS: The Agogo IWH project is operated by Azule Energy with a 36.84% interest, in partnership with Sonangol E&P (36.84%) and Sinopec International (26.32%). Subsea components were fabricated by Saipem and Petromar at the Ambriz Yard. Yinson Production operates the Agogo FPSO, supported by Aker Solutions (umbilicals), Subsea 7 (installation), Baker Hughes (subsea systems), TechnipFMC (risers and flowlines), and DOF Subsea (FPSO hook-up). Local firm Sonamet supplied FPSO structures in collaboration with TechnipFMC, Subsea 7 and Baker Hughes.

INVESTMENT: The Agogo IWH project represents a total investment of USD 7.8 billion. Of this, USD 5.3 billion was allocated to the construction of the Agogo FPSO, with the remaining funds supporting drilling and subsea infrastructure.

TIMELINE: Sanctioned in February 2023, the Agogo IWH project achieved first oil in July 2025 – just 29 months from final investment decision to production. This rapid delivery was enabled by a phased development approach that allowed appraisal activities to continue alongside early development, effectively de-risking full-field exploitation. The Agogo FPSO arrived in Angola in May 2025 and began operations on July 29, 2025.

OTHER BENEFITS: The project is expected to contribute USD 5.6 billion in value to Angola’s national industry by 2044 and create approximately 1,400 jobs. It reinforces domestic capabilities at hubs such as the Petromar Ambriz Yard and supports long-term economic and workforce development.

SIGNIFICANCE: The Agogo IWH project is one of Angola’s most ambitious and technologically advanced offshore developments. It has set new industry benchmarks by delivering production in under 30 months and deploying the first FPSO equipped with CCS. By unlocking an estimated 450 million barrels of reserves, the project supports Angola’s objective of maintaining oil production above 1.1 million bopd through 2030. It is also a cornerstone of Angola’s strategy for sustainable development, integrating cutting-edge emissions management with robust local content and international partnerships.

Read our latest insights on:

• Angola