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.

Etu Energias aims to produce 50,000 barrels of oil per day (bpd) by 2025 and 100,000 bpd by 2030. The company’s commercial strategy involves increasing production through both organic and inorganic ...

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.

Angolan oil and gas firm Etu Energias have signed a $400 million Afreximbank syndicated facility is expected to double oil production. CNBC Africa spoke to Edson Dos Santos, CEO, Etu Energias for ...

France-headquartered energy giant TotalEnergies has started oil production from 2 subsea tie-back projects to existing ...

Lisbon-based Galp Energia has completed an $830 million deal to sell its Angolan assets to Etu Energias, an ambitious local player previously known as Somoil. Conclusion of this transaction, which ...

Elsewhere in Angola, TotalEnergies and its partners approved the Kaminho project in block 20/11 last year. The first large deepwater development in the Kwanza basin, Kaminho is planned to have a ...

Energy Explored. In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three ...

Following the acquisition, Etu Energias will own a 20% stake in deepwater Block 14 and 10% of deepwater Block 14K, oil reserves located 100 kilometres offshore from Cabinba, northern Angola.

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 ...