Infographic: Somoil’s upward trajectory

Somoil, Angola’s largest private oil company, has doubled its production in two years. "I believe Somoil is the ideal partner for any company entering the oil and gas business in Angola. We are private and relatively small, but more importantly – agile… with a clear plan to grow and expand our presence in Angola and beyond," CEO Edson Rodrigues Dos Santos told The Energy Year.

In 2021, Somoil recorded its best financial performance, bringing in more than USD 40 million in profits. The company doubled its production from 2019 to 2022.

bopd

Future targets

Challenges faced in 2020

7,200 bopd
Operational resilience

Starting point 2021-2022

25,000 bopd
Financial stabilisation
Operational recovery
Beginning of diversification path

Vision 2025

40,000 bopd
Operator of national reference in mature fields
Integrated energy player
BODIVA

Vision 2030

80,000 bopd
International player in mature fields and deepwater operations
Main driving force behind Angola’s energy transition
BODIVA + JSE / LSE / NYSE

*(Somoil was renamed Etu Energias in 2023)

2 years ago

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