Edson Rodrigues DOS SANTOS

CEO

SOMOIL

We can operate more efficiently in the mature space than some of the well-established companies out there today.
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Somoil In Figures

Potential production at Block 2/05: More than 40,000 bopd

Potential production at blocks FS and FST: More than 10,000 bopd

Somoil

A pivotal player in Angola

Somoil is the largest private Angolan oil company. It plays a pivotal role in the country’s energy scene. Established in 2000, the company spent its first two decades building a strong asset base and a lean business model. Today, Somoil is looking to double production at its Block 2/05 and FS-FST assets.

  • Offshore Block 2/05 (30% working interest) is home to 18 oilfields with combined reserves of more than 500 million barrels. Somoil estimates potential production of more than 40,000 bopd. Of the 18 fields, 17 are developed and one remains undeveloped.
  • In onshore blocks FS and FST (31% working interest), Somoil sees a potential of more than 10,000 bopd of production. The company has conducted extensive 2D- and 3D-seismic surveying since it became operator in 2015, and to date around 1,000 wells have been drilled in the blocks. As of January 2021, the licence was producing 6,000 bopd.
  • Non-operated assets: The company also has interests in blocks 3/05 (10%), 3/05A (10%), 4/05 (18.75%) and 17/06 (5%), where it partners with the likes of Sonangol and Total.
  • Downstream: Somoil undertakes direct and indirect fuel marketing and operates two petrol stations in Luanda.
  • Renewables: The company has participated in a number of small-scale solar installations.

With a focus on doubling production by the end of 2022, Somoil will more than double its investments in 2021. The company is undertaking a sustained capex programme in its oilfields that will see major artificial lift upgrades, drilling and workovers with the deployment of coiled tubing, and a number of greenfield projects.

Under the banner of a programme called EMAGRECE (“losing weight” in Portuguese), Somoil is seeking better rates from service providers – renegotiating contracts while aiming for mutual benefits via strategic synergies.

Partnerships will be key to Somoil’s future, and the company is targeting win-win collaborations with both oil companies and suppliers.

Somoil features

Somoil moves on deepwater blocks in Angola
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Angola - January 16, 2023

Somoil has signed an agreement with TotalEnergies and Inpex to take stake in two deepwater blocks in Angola, the Angolan E&P…

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Angola’s new permanent offer regime
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Angola - November 11, 2022

Angola’s National Oil, Gas and Biofuels Agency (ANPG) is making a new effort to unlock the country’s hydrocarbons potential by placing selected concessions on…

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Angola’s energy financing evolution
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Angola - October 21, 2022

Angola’s economy is once again growing after six years of recession, with the oil and gas sector as a main driver. However, the country faces major challenges in…

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Somoil CEO to attend African Energy Week
NEWS
Angola - October 14, 2022

Edson Rodrigues Dos Santos, CEO of Angola’s Somoil, will attend the African Energy Week 2022 conference and exhibition, to be held  from October 18-21, 2022, in Cape…

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McDermott wins EPSCI contract in Angola
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Angola - September 21, 2022

McDermott International has signed an EPSCI contract for subsea works on TotalEnergies’ Begonia project in Angola, the US engineering and construction provider…

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Octomar sees new dynamics in Angola Ricardo-DO-AMARAL
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Angola - July 13, 2022

Ricardo Do Amaral, general manager of Octomar, talks to The Energy Year about the company’s role in the inspection of mature assets and the scope it sees for…

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Articles
Angola - June 17, 2022

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…

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