According to a note from Etu Energias S.A., to which the Lusa agency had access, since September 18th the change in the status of operator of CON 6 was authorized, a role previously attributed to Mineral One S.A., under Executive Decree No. 211 /23.
Etu Energias S.A. has a 43.75 percent stake in the aforementioned block, which also includes the companies Mineral One S.A (43.75 percent) and Prodoil S.A.R.L (12.50 percent).
According to the document, the operations will be carried out within the framework of a Production Sharing Contract (CPP), signed between the National Oil, Gas and Biofuels Agency (ANPG), the national concessionaire, and the contractor group.
“This change will allow Etu Energias to increase synergies with other blocks in the Lower Congo basin in which it already operates, which will bring speed in the execution of the work program and reductions in costs”, said the chairman of the board of directors of Etu Energias, Edson dos Santos, mentioned in the note.
Edson dos Santos stressed that the objective is for activities to begin this year, benefiting from the geological, technical and operational knowledge accumulated over more than 14 years of experience in this region.
“Equally, we hope to create more business opportunities for local companies, in terms of service provision, in line with Etu Energias’ development strategy”, added Edson dos Santos.
The note states that the exploration program for Block CON 6 envisages reaching “First Oil” in less than three years.
Etu Energias S.A. is an integrated energy company with exclusively private capital, subscribed entirely by Angolans, with a corporate purpose that includes research, development, production and marketing of crude oil, distribution of derivatives, consultancy services and renewable energy.
The Angolan private oil company is the operator of Block 2/05, Associations FS-FST, CON 1 and CON 6, also holding shares in blocks 3/05, 3/05 A, 4/05, 17/06 and 14/14K.