AZULE ENERGY EXPLORATION (ANGOLA) LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +0.1%

  £1,623,517,231 → £1,624,602,676

• Cash

  -47.5%

  £73,603,947 → £38,616,282

• Net assets

  -42.7%

  £3,749,419,900 → £2,150,162,219

• Employees

  —

  Not reported

• Operating profit

  -5.4%

  £1,195,708,305 → £1,131,293,265

• Profit before tax

  -5.7%

  £1,224,351,499 → £1,154,116,768

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. AZULE ENERGY EXPLORATION (ANGOLA) LIMITED 2023-04-13 → present
2. BP EXPLORATION (ANGOLA) LIMITED 1993-07-12 → 2023-04-13
3. BP EXPLORATION (EQUATORIAL GUINEA) LIMITED 1992-12-15 → 1993-07-12
4. CLYDE CHARTER COMPANY LIMITED 1958-11-24 → 1992-12-15

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. The current economic and geopolitical environment were considered as part of the going concern assessment. [...] Having a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next 12 months from the date these financial statements were approved, the directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “On 1 August 2022, Azule Energy Holdings Limited was officially established, held in equal shares by Eni SpA and BP, the new business combination to which Eni's and BP's companies operating in Angola have been contributed.”
• “In 2024, the Block 18 Infills-project-progressed-with-subsea-manifold-fabrication and ICSS software installation.”
• “In Block 15 the Likembe-1 well made a discovery which is due to be on-line in 2027. In Block 17 the Dalia-6 exploration well was drilled resulting in an oil discovery, studies are ongoing.”
• “During the year the Company has declared and paid dividends of $3,244,432,000 (2023: $nil).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.