BP says gas production begins at Angola's Quiluma field

BP's Angola joint venture Azule Energy has started gas production from the Quiluma field, part of the New Gas Consortium. The start-up modestly increases BP's upstream gas footprint and supports Angola's gas supply development, but no volumes or timelines were disclosed and the announcement is unlikely to move markets materially in the near term.

Analysis

BP's Angola joint venture Azule Energy has started gas production from the Quiluma field, part of the New Gas Consortium. The start-up modestly increases BP's upstream gas footprint and supports Angola's gas supply development, but no volumes or timelines were disclosed and the announcement is unlikely to move markets materially in the near term.