Lucania-based Pangea pioneers in Mozambique and ready to reinvest
Oil & Gas. The company landed in South East Africa in 2012 following Eni and today with a local partner deals with environment and energy
3' min read
3' min read
Working in Africa has already been a reality for more than 10 years for Pangea Development Lda operating in Mozambique. The company holds 95 per cent of the shares in Pangea srl, which brings together the know-how acquired by five of Lucania's most reputable companies in the oil & gas sector.
It was a difficult challenge in 2012 to project skills from Basilicata to Mozambique. And so, when there was still no talk of the Mattei Plan, Lucanian entrepreneurs set off from Val d'Agri with investments of international scope in south-east Africa, where works and activities related to the oil & gas sector, the core business of a company with a global vocation, were planned.
"Pasquale Criscuolo, one of the founding partners of the Italian and Mozambican Pangea, emphasises: 'We were ahead of our time. We followed Eni in the start-up of activities in Mozambique and today we are a professional company with synergic and specialised skills in the oil & gas, environment, energy and ecology sectors, whose strengths are innovation, sustainability, safety, and environmental protection in compliance with European regulations.
A wealth of skills acquired over more than 50 years of activity that has allowed Pangea Development Lda to be set up with a local partner, as required by Mozambican regulations, a multidisciplinary company that guarantees integrated services by bringing together the mechanics of the Sergen srl - Officine D'Andrea group, the electro-instrumental of Elettra srl, the environment, waste, laboratory analysis, transport and logistics of Criscuolo Eco-Petrol Service srl and Garramone Management srl, and the industrial products of Danella Forniture srl.
The registered office is in Maputo and operational sites in the cities of Pemba and Palma, where Pangea has purchased 10 hectares of land on which it has built industrial warehouses and structures with offices and housing, creating a model of sustainable development with 25 employees, 20 of whom are Mozambicans and 5 Italian expatriates, with an investment of two and a half million, and a turnover that has doubled in the last four years, from 500,000 euro to over a million from 2020 to 2023.
