Latest news with #EtuEnergias
Zawya
2 days ago
- Business
- Zawya
Etu Energias Targets 80,000 Barrels Per Day (BPD), Joins Angola Oil & Gas (AOG) 2025 as Gold Sponsor
Angolan private energy company Etu Energias has joined this year's edition of the Angola Oil&Gas (AOG) conference as a Gold Sponsor. The sponsorship reflects the company's commitment to supporting Angola's oil and gas production goals, as it seeks to sustain output above one million barrels per day (bpd) beyond 2027. For its part, Etu Energias targets 80,000 barrels per day (bpd) by 2030, and the AOG sponsorship highlights a broader objective of engaging with stakeholders to achieve this goal. Etu Energias' sponsorship comes as the company undertakes an ambitious exploration campaign in Angola. The company signed a Risk Service Contract for onshore Block CON 4 in May 2025, outlining a 25-year operating licensing, including a five-year exploration timeframe and 20-year production period. To date, Etu Energias – alongside block partners Sonangol and Gesprocon – have completed the first phase of studies for the block and have defined a seismic survey. The milestone reflects a broader trend by the company to scale-up its exploration and production. By 2030, the company seeks to increase its oil reserves to 387 million barrels. The AOG sponsorship supports this goal by offering a platform for engagement and deal-signing. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ As Angola's largest private oil producer, Etu Energias has stakes in eight exploration projects, 10 development projects and seven redevelopment projects. The company targets a series of developments in 2025, all of which support the advancement of underexplored blocks in Angola. Notably, Etu Energias plans to complete deforestation and demining for Block FS/FST in 2025, with the first exploration well expected to be spud this year. At offshore Block 2/05, the company plans to complete exploration studies this year, with drilling set for 2025/2026. To support block acquisition, Etu Energias is also planning to hold an Initial Public Offering (IPO) in 2026, aimed at strengthening its financial capacity. The IPO will not only support debt reduction, but provide greater access to a wider investment pool. Etu Energias' exploration and production outlook builds on a highly-successful year in 2024, whereby the company expanded its portfolio of operated and non-operated assets from 6 to 15. The company's oil reserves increased by 2.5 times during this period, reaching 106 million barrels. Major milestones during the year include an increase in block acquisitions. Offshore, the company increased its stake 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%. Looking ahead, these acquisitions are expected to increase the company's production capacity as it strives to unlock new deposits in Angola. Beyond the upstream sector, Etu Energias strives to expand its downstream portfolio, following the launch of its lubricant line in 2024. Launched in collaboration with Glide Petroleum, the 1,000-ton-per-month line is expected to start production in 2025. The project aligns with goals by Etu Energias to capture 25% share of the market by 2029. Etu Energias' AOG 2025 sponsorship will support Etu Energias' goals, offering an opportunity for the company to engage with industry leaders, connect with global partners and outline the company's long-term approach to exploration and production. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
4 days ago
- Business
- Zawya
Etu Energias Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 to Detail Strategies for Achieving 80,000 Barrels Per Day (BPD)
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' 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 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.
Zawya
15-05-2025
- Business
- Zawya
Enagol joins Angola Oil & Gas 2025 amid expansion into Angola's Upstream Market
LUANDA, Angola / -- Energy services provider Enagol has joined the Angola Oil & Gas (AOG) conference – the country's premier industry event – as a Bronze Sponsor, reflecting its commitment to collaboration and portfolio growth. Operating under a mission to promote the sustainable development of Angola, the company is not only supporting major infrastructure projects but Angola's goal to sustain oil output above one million barrels per day. With over 120 completed projects for national and international clients and 18 years' experience in the Angolan market, Enagol plays an instrumental role in the country's oil and gas industry. As an energy services provider, the company is both strengthening and diversifying its offerings, with its expansion into the upstream sector set to support Angola's production goals. Enagol was one of the non-operator winners in Angola's 2023 bid round. The country's upstream regulator the National Oil, Gas & Biofuels Agency announced the results of the bid round in August 2024, with Enagol securing a 10% stake in Block CON 8 and Block KON 19, respectively. In collaboration with major operators including Etu Energias, Effimax Energy and Grupo Simples Oil for CON 8 and ACREP and Afentra for KON 19, the company will explore and develop the blocks. Beyond the upstream sector, Enagol has had a hand in several impactful oil, gas and logistics projects in Angola. Enagol also provided support for the Angola LNG Gas Treatment Plant in Soyo. The company provided Non-Destructive Testing (NDT) inspection services, ensuring the integrity of critical infrastructure. Angola LNG is the country's sole operating LNG facility. Enagol has also provided servies for the TotalEnergies-led Block 17, ensuring the integrity of the FPSOs at the asset. The company's AOG 2025 sponsorship aligns with its ambition to broaden its portfolio and support Angola's oil and gas ambitions. As the largest event of its kind in the country, AOG 2025 offers various opportunities for networking, engagement and deal-signing. Enagol's participation not only underscores its commitment to the industry but reinforces AOG 2025's role as a platform for dialogue and dealmaking. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry.
Zawya
15-05-2025
- Business
- Zawya
Enagol Joins Angola Oil & Gas (AOG) 2025 Amid Expansion into Angola's Upstream Market
Energy services provider Enagol has joined the Angola Oil&Gas (AOG) conference – the country's premier industry event – as a Bronze Sponsor, reflecting its commitment to collaboration and portfolio growth. Operating under a mission to promote the sustainable development of Angola, the company is not only supporting major infrastructure projects but Angola's goal to sustain oil output above one million barrels per day. With over 120 completed projects for national and international clients and 18 years' experience in the Angolan market, Enagol plays an instrumental role in the country's oil and gas industry. As an energy services provider, the company is both strengthening and diversifying its offerings, with its expansion into the upstream sector set to support Angola's production goals. Enagol was one of the non-operator winners in Angola's 2023 bid round. The country's upstream regulator the National Oil, Gas&Biofuels Agency announced the results of the bid round in August 2024, with Enagol securing a 10% stake in Block CON 8 and Block KON 19, respectively. In collaboration with major operators including Etu Energias, Effimax Energy and Grupo Simples Oil for CON 8 and ACREP and Afentra for KON 19, the company will explore and develop the blocks. Beyond the upstream sector, Enagol has had a hand in several impactful oil, gas and logistics projects in Angola. Enagol also provided support for the Angola LNG Gas Treatment Plant in Soyo. The company provided Non-Destructive Testing (NDT) inspection services, ensuring the integrity of critical infrastructure. Angola LNG is the country's sole operating LNG facility. Enagol has also provided servies for the TotalEnergies-led Block 17, ensuring the integrity of the FPSOs at the asset. The company's AOG 2025 sponsorship aligns with its ambition to broaden its portfolio and support Angola's oil and gas ambitions. As the largest event of its kind in the country, AOG 2025 offers various opportunities for networking, engagement and deal-signing. Enagol's participation not only underscores its commitment to the industry but reinforces AOG 2025's role as a platform for dialogue and dealmaking. AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola's oil and gas industry. To sponsor or participate as a delegate, please contact sales@ Distributed by APO Group on behalf of Energy Capital&Power.
