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.
the hell with you shabab we will defeat you
alla ha u naxariistee
I will advice Somaliland people NOT to put their guards down at anytime. Because you do not know who is the enemy within.
Long live Somaliland and it;s people. Amiin ya Allah!
This is the reality, its clear to us all, instead of concentrating on qabil and divisions there is bigger threat than that, its one with a global agenda and the threat comes from abroad but using inner resources and people. Our youth have been brain washed if those in Somalia were brain washed what makes you think the ones in Somaliland, Djibouti, Kenya or Ethiopia are safe from it? There are already reports hundreds of youth from Kenya's NFD region, Somaliland and dozens from Djibouti are in the Al Shabab terrorism group.
Dozens of young and impressionable men are suddenly disappearing from Canada and the United States without the parents' knowledge or approval. And the parents are helpless and don't know how to find them or who is responsible for their disappearance. Rumour has it that they are brain-washed and recruited by terrorist groups. Last month six Somaliland-Canadians suddenly disappeared from a mosque in Canada and nobody knows where they went and took them.
From now on their name shall become "Shabab Mufsideen" and we shall shed their blood where ever we see them. All Somali tribes where ever they shall put their hands together and fight them until they are exterminated.
I gather these young men who are going to Africa are misled by people who has their own agenda. They are musly very upset how things are going in back home. Before, there was an invission but know no one had any idea why they risking their lives. Why are they doing this and what make themto act this way.
Objective we heard from Shabab is that they want an Islamic country but what they do not know is Islam prohibited suicidal act. There are alternative to get this without harming people. Other people can defend themselves but revenge is not the solution.
From now on their name shall become "Shabab Mufsideen" and we shall shed their blood where ever we see them. All Somali tribes where ever they are shall put their hands together and fight them until they are exterminated.
Al Shabaab are sick animals, many young men from the West of Somali origins and others are joining them because they have fallen behind in these communities and societies many of them are high school drop outs, some former drug addicts.
Some just pissed with the hosting State for many reasons including failing, lack of social life, academic, news constantly attacking Muslims and Islam, and extremists like Al Shabab know this because they been there so they know how to reach out for these kind of youth. The result is young angry men bombarded with twisted ideologies.
Many also lost friends or families to the war before and after Ethiopia's invasion, so they are still angry. This guys are willing to die they do not see right from wrong, they have switched off all their feelings and guilt.
This is very determined enemy of the Somali race, many of Al Shabab leaderships are foreign they often use Somali youth as front men (spokesman, fake commanders etc).
The orders comes from no other than Al Qaeda, who send every few months a new operative and a new objective, they do not use the obvious routes (Arabia to Somalia via the Indian Ocean), many go to Tanzania, Comoros Island or places like Mozambique as businessmen or holidaymakers or visitors then they either fly to Somalia or travel by car through Kenya, Ethiopia-Somali vast border.
The explosives and weapons are supplied to them by Eritrea and Iran via the Ogaden region of Ethiopia or are smuggled through cargo ships carrying goods for "Somali investors from the Gulf".
A lot of the weapons are also smuggled from Somaliland's Burao via the Sool region. These guys are very sophisticated and they have supporters among us.
Sophisticated or not, their actions are alien to the Somali culture, it is Un-Islamic and cowardly. What has the killing of students have to do with anti-American or Anti-west sentiment?..Tell me, where does it say in the Quran to kill anyone in such a callous way? What did those students or any other victim do to deserve this?..