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.
who should be recognised reer hebel that won't happen mister just get used to it onething for complement is that you have tried to become a nation under the banner of tribal system but didn't work . Goo back to your Somali people with love and care
What a mindless person you are,who in their senses would go back to those who once murdered and pillaged them? people like you are driven by ignorance and greed and good riddance to the likes of you.LONG LIVE SOMALILAND where intelligence and tolerance is the norm.
some people,like the above poster are so bereft of understanding,let me ask you a simple question:would you go back to a people who once slaughtered and pillaged your people? apparently you with your mind set would given enough money but the people of somaliland are not selling themselves as your kind would.LONG LIVE SOMALILAND.
You boy, I hate such foolish words comes from your inner stomach. You committed an act of genocide in Somaliland people. Over one million people were displaced , more than 800,000 were made refugees in east Ethiopian camps, were hunger, cold and child labor was the order of the day. And also more than 200,000 have been killed, and more have been maimed or injured.
We will not forget the time we were frightened to walk down our own streets for fear of being murdered, robbery and rape. We have seen pictures of our educated people slaughtered, our fathers having been beaten up, and our sisters having been raped by you.
“Somaliland’s independence is irrevocable and its people will fight for their rights and freedom what ever it costs”
Farhan A. Suleiman (Oday)
Hargeisa, Somaliland
Farhan A.Suleiman i agree with you 100% SOMALILAND IS HERE TO STAY COME WHAT MAY LONG LIVE SOMALILAND AND DOWN WITH ITS ENVIOUS HATERS!!!.
Haloo Guys !!!!
Wax baad illowdeen,
Ma idiin sheega, horta haa yiraada.
Kenya, weligeed dad aya laha.
Daniel Arap Moi Iyo OObootihi Uganda ,
Labada ba skuul anaa Skuul kooda ka bixiyey.
Hadey xuumatoo, Hablo Soomaali kuu sheganaya
MA iyo wexeysheegtaan ba, hortaada la kufsanaya
Soomali , Soomali aya ceebys.
Long live Somaliand !!!!!!!!!!
@Kenya, Ilaahay waxaad galabsateen buu idinka goynayaa. Because adoo kale oo qabyaalad dabada ku wata ayaa idinku badan. Qabyaalad annaku ma naqaanno, kumana adeeganno. Somalilander is a Somalilander to us. Cidda dawladdii qabiil ku burburiyey ee weli dagaal iyo hanjebaad looga fadhiyi waa idinka. goor ayse noqotaba waydin eedi, edeb-darra iyo afka dheer aad Somaliland ku aflagaadaynaysaan. Haddi daandaansiga la dayn waayo, wax aydaan ka soo kabmi karrin ayaa ka dambayne maydin joogi. Ninkii baxaya, indhaha ayaa casaadee! Mar labaad haddii ay Somaliland qoriga qaado, waxaad ogaataan inaannaan dhigi doonin. Ilaahayo, mar la ciil dirirayo itus!
We were a nation and we are a nation now and we are going to stay a nation forever. And nothing you (Somaliland diid) have to say will change anything. So, waxba hays xiiginin.
the somalis are the main course of their treatment by the kenyans,they have destroyed their country by murdering each other by the thousands and then flee across the border to kenya is it a wonder that the kenyans see them as less than human? by writting these words am just pointing out the truth on the ground but far from agreeing with how the kenyans are treating somalis.
When My spouse and i originally alleged I visited the Discern me when new notes are extra checkbox and today all calculate a observe is further We get a number of e-mails with the same analysis. Is near a few mode you can with no trouble take out men and women from that service? Bless anyone!