The signing took place during the Africa Energy Week (AEW) 2025 in Cape Town, reflecting Etu Energias’ continued growth, financial strength, and ability to secure competitive financing to support strategic investments in Angola’s energy sector.
Located approximately 150 kilometers offshore, the Begónia Project integrates production facilities from Blocks 17 and 17/06, representing Angola’s first interblock development. The project is expected to deliver a total production of 30,000 barrels per day, enhancing operational efficiency and resource optimization while setting a new milestone in deepwater collaboration and innovation.
“This project sets a benchmark for future interblock developments in Angola. It illustrates the power of strategic partnerships, innovative financing, and shared infrastructure in creating value and advancing national energy objectives. This agreement reflects our growing strength as an independent company and our unwavering commitment to Angola’s energy future,” said Edson R. dos Santos, Chairman and CEO of Etu Energias.
With first oil already achieved, Etu Energias reaffirms its full commitment to supporting ongoing operations and unlocking the natural gas potential of Block 17/06, regarded as strategic for diversifying Angola’s energy mix and ensuring long-term sustainability.
The Block 17/06 consortium is led by TotalEnergies (30%, operator), alongside Sonangol E&P (30%), SSI (27.5%), Etu Energias (7.5%), and Falcon Oil (5%).
“By supporting innovative and collaborative projects, we not only strengthen national energy security but also help foster new partnership models that can be replicated across the region,” added Edson dos Santos.
