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.
I love the design its very unique sort of like African village huts, we definitely need this and I am certain we will push it through however I want to tell the Somaliland Society and other Somaliland communities we need more coordinated and organized appeal that targets Somalilanders around the world also I believe a Dahabshiil account is way better than a Barclay because not all countries have the same system, its slightly confusing.
Also what is the account name?
Better coordination is needed – I am in Australia and would donate but need better option than Barclay, I am sure others feel the same.
Good job.
@Jubba, you are in Australia and are in approximate distance to Somaliland and so are those Somalilanders in the Arabian Gulf Area. So, if you guys go around the universities whenever you have a time and ask for books as donates because it is easier to send to Somaliland. Europian universities revise and up date their books every time there a change in an event around the world and they normally donate the old books to undeveloped countries. So give it a try.
I will try and see what we can do here, in Western Canada.
@ http://www.pad.eu.com/architecture_somaliland_lib… check this link or search for Somaliland National Library on facebook for the revised design…it will definitely be an iconic structure insha'Allah
http://hargeisalibrary.com/
Check this and help us progress this project
This is one of the best ideas and projects I have heard of in terms of aiding the development of Somaliland. Growing up in London I understand the difficulty there is around searching for authentic facts, figures and history of somaliland. Having this source of reference for all the documentation on our nation would really be vaulable and inshallah we should all do our part to help.
I believe this to be a extremely good idea and an amazing project, Having this source of reference for a all the documentation for Somaliland will prove to be very valuable asset for future generations.
Why are you deleting my comments for?
Looks like there is a technical problem. Some times my comments seem not be appearing or says "deleted by the administrator".
I agree we need a more coordinated fundraising events in every country. Dahabshiil is our bank and we should use it.
We, as youth in Hargeisa excitedly need to have a National Library n the town. This is what we are waiting for long time. We certainly thank you for your timely suggestions.
Farhan A. Suleiman
Hargeisa, Somaliland
Farhan thanks for the comments…….this is a project majority of our people do not understand its value….we have been labouring with the project for over three years and we will never give up…..if you are still in Hargeisa….establish a group of friends for the National Library to create the awareness and grass-root support
http://hargeisalibrary.com/
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It is important to have a National Library in every Somaliland city. A National Library is overdue.There is a problem, I am not good at paying money but definitely i will donate books.
Dr. Weli, money is not all that is required……….we need your technical advise, help in the campaign, and yes collect the books once we have the infrastructure and the system to ensure the entire country benefits
http://hargeisalibrary.com/
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We got to be transparent and accurate, you don't want to call anybody a Dr without a doctorate degree. Saed Ahmed Hasan is dont a doctor but Bulhan is. just correction no offense. Hargaisa need a library, masha Allah great cause.
The Europeans had Libraries, but they were also churches. So Somaliland people should consider similar diverse use for such a building to encourage learning, equity and a harmonious society.
I am assuming such library will be used for recording births, marriages, deaths, town planning , business contracts etc.
http://hargeisalibrary.com/
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first of all salamz ppl im so glad that we are thinking in the right direction ..its the first step of the bright future ..its the place that help more than money can give ..making ppl read an learn ..thats how we gonna open the future for every one………..that library will be the first but not the last ..fir more good ideas im thinking to have some place that ppl can meet an give them ideas aboiut them country in freely way ..
http://hargeisalibrary.com/
Check this and help us progress this project
once again thanks t to the landers who are working hard and striving to make thinks better in somaliland. will donate money and books insha allah but dahabshill is the better choice than Barclay's
http://hargeisalibrary.com/
Check this and help us progress this project
Good Fundraising appeal, Well donate today.
Good job SL community in london . Education Education Education .
Thank you to Faisal aswell always a real wadani.
What A good way to contribute to the entire wellbeing of the people.
You get all may support for this great appeal
Adan Farah, Copenhagen.
http://hargeisalibrary.com/
Check this and help us progress this project