Progeco Secures Five-Year Contract on Azule Energy's $5.1bn Angola Offshore Development

Italian engineering services group Progeco has secured a significant five-year contract to deliver project management and technical supervision services for Azule Energy's Greater PAJ offshore oil development in Angola, according to Splash247. The contract, awarded to an international consortium led by Progeco's Italian operations, is tied to the $5.1 billion Greater PAJ project — one of the largest active offshore oil developments on the African continent. Azule Energy, the joint venture between BP and Eni that operates as Angola's biggest oil producer, is driving the development as part of broader efforts to sustain and grow the country's upstream output. ## Strategic Significance The Greater PAJ development represents a cornerstone investment in Angola's offshore energy sector, and the award underscores growing demand for specialist engineering and project management expertise as operators advance complex deepwater and offshore programmes across West Africa. For Progeco, the contract marks a notable expansion of its footprint in the African offshore market. The five-year duration provides the group with a stable, long-term revenue stream while positioning it as a key technical partner in one of the region's flagship energy projects. ## Angola's Offshore Sector Angola remains one of sub-Saharan Africa's leading oil producers, with its offshore basins — particularly in the deepwater pre-salt and post-salt plays — continuing to attract substantial international investment. Azule Energy, formed through the merger of BP and Eni's Angolan assets in 2022, has been actively progressing a portfolio of development projects aimed at arresting production decline and unlocking new reserves. The Greater PAJ project is central to that strategy, and the appointment of an experienced technical supervision consortium reflects the operational complexity and capital intensity involved in bringing such assets to production. The award highlights the continued appetite among international engineering services firms to compete for long-term offshore contracts in emerging and frontier markets, where technical oversight and project management capabilities are at a premium.