The contractor group of PEL 85 (Rhino Resources, Namcor and Korres Investment) is planning to make a final investment decision in Namibia towards the end of 2027.
Azule chief executive Joe Murphy has also announced that the company will open an office in Namibia.
He was speaking at the Namibia International Energy Conference in Windhoek on Wednesday.
“We are committed to the country and we are here to stay,” Murphy said.
The company has appointed Giovanni Aquilina as its managing director in Namibia.
