BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption…
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BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption rights in relation to the previously announced acquisition agreement.
BW Energy and its partner Maurel & Prom had been notified of the move by a joint venture partner in the two licenses.
The agreement signed between BW Energy, Maurel & Prom and Azule Energy remains effective until a new sale and purchase agreement is executed between Azule Energy and the party exercising the pre-emption right.
The company said it remains committed to establishing a presence in Angola as part of its broader West Africa growth strategy and continues to evaluate opportunities in the country and the wider region.
In December 2025, BW Energy said it had agreed, as part of a consortium with Maurel & Prom, to acquire interests in offshore Blocks 14 and 14K from Azule Energy, marking a strategic entry into Angola.
Under that transaction, BW Energy was to acquire a 10% non-operated interest in Block 14 and a 5%
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