As Angola’s largest private oil producer, the company is implementing a bold expansion plan, targeting 80,000 bpd in crude production
CAPE TOWN, South Africa, May 30, 2025/APO Group/ --
Edson dos Santos, Chairman and CEO of Etu Energias – Angola’s largest private oil producer – has joined the African Energy Week (AEW): Invest in African Energies 2025 conference to discuss its plans for scaling-up operations across Angola’s upstream and downstream sectors. The company plans to increase crude production to 80,000 barrels per day (bpd) by 2030 while expanding downstream distribution and lubricant production. Dos Santos’ participation at Africa’s largest energy event will offer insight into how Etu Energias will achieve this.

Etu Energias Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 to Detail Strategies for Achieving 80,000 Barrels Per Day (BPD)
Etu Energias’ expansion plan is built on five key pillars, namely operational excellence, growth, financing, people and ESG. In 2024, the company reported its strongest financial results to date, achieving a 53% increase in net profit compared to 2023. During the year, the company also increased its portfolio of operated and non-operated assets from 6 to 15, with the company’s oil reserves growing 2.5 times to reach 106 million barrels. By 2030, Etu Energias seeks to increase its reserves to 387 million barrels through investments in both exploration and development assets. At AEW: Invest in African Energies 2025, dos Santos will detail the company’s future development plans.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
Upstream, Etu Energias is undertaking an ambitious drilling and production plan in 2025, with ongoing projects including eight exploration projects, 10 development projects and seven redevelopment projects. Onshore, the company signed a Risk Service Contract for Block CON 4 in May 2025, granting the company a 25-year operating licensing for the block. Of this, five years is allocated for exploration while 20 years is allocated for production. Etu Energias is the operator of Block CON 4, alongside Block CON 1 – whereby the first phase of studies has been completed and a seismic survey has been defined. The survey targets 430 km of 2D data in the first phase. Meanwhile, Etu Energias continues its 3D seismic campaign at Block FS/FST. Deforestation and demining are on track for May 2025 while the first exploration well is expected to be spud this year. Offshore, the company plans to complete exploration studies for its operated Block 2/05 in 2025, with well-drilling targeted for 2025/2026. This follows an increase in block acquisitions in 2024, including in Block 2/05 from 30% to 36%, in Block 14 from 20% to 29%, in Block 14K from 10% to 14.5% and in Block 17/06 from 5% to 7.5%.
Downstream, Etu Energias is expanding its retail and distribution network through the development of storage facility and lubricant infrastructure. The company launched a 1,000-ton-per-month lubricant line in 2024 in collaboration with Glide Petroleum and plans to start production in 2025. Plans to develop a storage and export terminal are also underway, with the company weighing options for an inland terminal or FSO lease. Further, Etu Energias plans to hold an Initial Public Offering (IPO) in 2026. The IPO will support efforts to raise capital as the company seeks new block opportunities in both the onshore and offshore market. The IPO will not only support debt reduction and capital raising, but enhancing the company’s credibility. Access to a wider investment pool will further support the company’s expansion plans in Angola. At AEW: Invest in African Energies 2025, dos Santos is expected to share further updates.
“Etu Energias is a prime example of an Angolan oil company unlocking significant value from Africa’s oil and gas reserves. Through its diverse portfolio of exploration and development blocks, its commitment to sustainable and inclusive growth, and dedication to strengthening downstream distribution, the company is driving impactful growth in Angola’s oil market. Looking ahead, investments made by Etu Energias will help chart a new future of energy security in southern Africa,” states Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
Wonderful. More of the same
Sheikh is a historic town. It is an evergreen highland area located between Berbera and Burao. The chain of mountains known as Golis from Ethiopia to Sanaag region, passes through Sheikh. this enables Sheikh to get a lot of rain most of the year.
Sheikh is regarded as the oldest place in Somaliland. It has a number of regimes resided in it super headed by the colonial administration.
We shall attain Sheikh district to the heights of sumptuousness and glory
Farhan(oday)
Hargeisa, Somaliland
its funny that you unite the Ethiopians who are 80 different nations in your comment, but divide Somalis who are one people i wonder why is that?
Where did he say such things? I don't see him saying let's unit the Ethiopians and divide the Somalis, all he said was the mountain range runs through Ethiopia and Somaliland.
Maybe you got superman vision.
Sheikh is a district head quarter and has the permanent office of a district commissioner and its council of members.
The town of Sheikh in Somaliland lies on a plateau at an altitude of 1600 metres and, because of its pleasant temperatures in an otherwise hot and dry landscape, has always been deemed suitable as a place of learning. Sheikh School was built in 1937 and was the first intermediate school in Somaliland
In 1957, the British administration constructed a boarding school for Somali boys and Girls with academic potential, who, it was hoped, would become the country’s leaders after independence. Indeed, its early pupils was Mohamed Egal, who went on to become the second president of Somaliland
The district is large, if not the largest in Somaliland, it extends to about 1200 sq kms including 20 villages in this area, 61 kms from Berbera in the north and 75 kms south from Burao
in the south, from east to west of Sheikh, it covers 125kms to the east and 75 kms to the west.
The settlement took its name from a referred sheikh who lived here a long ago and having been mentioned as the mother of Somaliland education, for the first time in Somaliland sheikh was the first place where schools were opened during the colonial time in the 1930s.
Being at the height, it has a cool climate all the year round and this made favourable place for education and learning centre, besides sheikh is a centre of an agricultural area of the Sahil region, cultivation is one of the main features of the district while pastualisms is one of the main activity of the people spreading in this area, there are no industries but the people of the town estimated thousands are dependant on agriculture and livestock.
Majority of the people plough to a limited extent to produce for their survival in local food production and good example of this method is practiced in Calaacule village, west of Sheikh.
The live of the people in this district could be descried as a mixed farming community the land is irrigated by natural rivers (streams) which is mainly prepare their home consumption growing trees bearing fruits and vegetable depending on rain.
Abdirashid Ali Warabe (4441097)