Financial Ports

$5.1bn Angola oil play turns to Progeco for deepwater lifeline

CLAVE 1 / 4Progeco secures five-year contract for project management and technical supervision on Azule Energy’s $5.1bn Greater PAJ offshore oil development in Angola.

CLAVE 2 / 4Consortium includes Progeco’s Italian and UAE subsidiaries, Mecwide Angola, and Taser Oil & Gas.

CLAVE 3 / 4Development targets 95,000 barrels per day from 17 subsea wells in water depths up to 2,000 m.

CLAVE 4 / 4First oil expected in the first half of 2029, with gas export capacity of 70m cubic feet per day.

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