• BW Energy is acquiring stakes in Angola’s offshore blocks 14 and 14K for about $310 million.
• The deal gives the company exposure to producing assets operated by Chevron.
• The move builds on BW Energy’s recent expansion in Namibia and Central Africa.

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.

Under the terms of the transaction, BW Energy will acquire a 10% stake in block 14 and a 5% stake in block 14K. The company will be a non-operating partner, with the assets remaining operated by US major Chevron.

Completion of the deal is still subject to approval by the relevant authorities. It follows several investments announced by BW Energy in Africa in recent years as the company has steadily broadened its regional footprint.

Before entering Angola, BW Energy expanded its presence in Namibia, where it invested in an onshore exploration project led by Reconnaissance Energy Africa, as well as in the offshore Kudu block. In Kudu, the company is developing a gas project intended to supply power generation. BW Energy also already holds producing assets in Central Africa, notably in Gabon, where it is gradually developing the Dussafu license.

The transaction fits into a broader trend of major oil companies divesting mature assets in Angola. This shift is not new. In 2022, TotalEnergies and its Japanese partner Inpex sold their non-operated stakes in blocks 14 and 14K to Angolan firm Somoil, now Etu Energias, as part of a refocusing of their Angolan portfolios.

Abdel-Latif Boureima