KEYFACT Energy
Etu Energias, SA has acquired a 5% interest in Block 32, 9% in Block 14, and 4.5% in Block 14K offshore Angola from Galp. The sale and purchase agreement was announced in February 2023.
Block 32 is located offshore Luanda and is operated by TotalEnergies. Block 14 is offshore Cabinda and is operated by Chevron affiliate Cabinda Gulf Oil Company. Block 14K is operated by Chevron. Etu Energias is an Angolan oil company and was previously known as Somoil. Galp recently agreed to sell off its 10% interest in Area 4 offshore Mozambique to ADNOC.
KeyFacts Energy: Etu Energias Angola country profile