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.
you will never drill in holhol, taleex, xudun or any place on our land.
sign deals as much as you want, but the norwegians are warned and so are this so called somaliland administration.
there is no oil in those places though and even if there was, we would not be asking you.
Good warm welcome news. Thumbs up in support.
Cheers.
Those Scandinavian countries know whats up, very well managed states. Highly educated, great heathcare, liberal secular humanists these are the types of partners we should be seeking on the world stage we become who we associate with.
We are a product of who we associate with. We become that product's mold (image) but unfortunately some of us remain in that mold and never outgrow it.
Unlike Genel the regional manager of DNO is a highly intelligent and an honest man. He did not come to enrich himself but to help his motherland. I just hope he has the guts to give Xirsi and company the hike and tell them not to interfere with his operations. What I personally would want to see is that the majority of the contracts (equipment, transportation) given to Dhulbahante.
Do you think dhulbahante are guests of their own land? guess again my friend.
war dhulbahante ma waxaad moody dad marti ku ah dhulkooda?
Nacasnimada iska dhaafa, if you want to look for oil, try with genel in your own land first, it seems like you cannot even agree on your own land in the first place, before you try to sell someone else's land.
I promise you dhulbahante will never ever allow the norwegians nor the isaaqs to come and digg for oil in their land. It is ok for your troops to remain in some parts of our cities which we are planing to remove soon, but you can dream on for our oil. This oil belongs to the republic of Somalia, not a one clan seccenist enclave
People like you from Taleex engrossed with the failed idea of hartism, driven by pure hatred of their land, will regret this when you see the progress made by Somalilanders of holhol and environs (Gambadhe, Tukaraq, iyo Dooxada Xudun) . People like you will soon be coming to beg for forgiveness when you see pipes from holhol passing thru Tuulo Samakab and Oog.
Just remember the might of Somalilanders who obliterated Africa's most mechanized army to oblivion. Perhaps you need a new reminder that Somaliland's army is 10,000 times stronger and more equipped than when they were fighting for their freedom. Here is a good reminder why (
) you should never dream Somaliland is an easy target.
you will not ask the owner of the land? funny guy are, you should learn something called reality on the ground, its much different than behind a computer screen, where you can switch between SNM hero at somalilandpress and continue play war craft.
Uncivilised comment and very well below standard do you really have guts and print such a foolish comment and secondly l think you have come from very primitive tribe and understand that land belong to the Republic of Somaliland and no one else, l hope you have understood the situation full Stop.
I love patriotic people. well-done bro Patriotic. Just beware there is no primitive tribe in Somaliland, only a few individuals with wanlaweyn characters. We just need to re-educate them so that they stop saying 'no, this is mine, this is my village, this my water well, this my village, this is my, my, my, ….'. As you rightly have said is The Republic of Somaliland is for us all regardless of our regional background.
It belongs to the federal republic of Somalia last time I checked, you need to stoop with your stupid seccenist thoughts, only then we can agree on something, until then, Why would I a Dhulbahante of the Harti sub clan of the Darood clan allow myself to become a minority clan amongst isaaqs who are blood thirsty and have no respect for human lives? why would I allow that when I see that even amongst your selfs there are discrimination, I know that the habar jeclo administration alone have done so much bad and corrupted the land just the past few years. And that the other clans cannot withstand this anymore. Why should I explain to me? it is pure logic and common sense, that my interest are amongst the somali people in somalia, not within a one clan enclave…
It is quite astonishing the way The Somaliland President status has been REDUCED only to a five minute photo ops with foreign dignitaries and swift back to total obscurity. What the hell is going ON!!!!! Somebody speak up!
Hmmmmmmm