Angola’s Somoil sets plans to go public

Somoil CEO to attend African Energy Week

CAPE TOWN, 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 Town.

Africa’s premier energy event will see Dos Santos, head of Angola’s largest private oil company, attend two key panels on Wednesday, October 19, as part of the industry-shaping event.

The first panel, Invest in Angola, is sponsored by Angolan state concessionaire ANPG and NOC Sonangol, and will be held at Hotel The Avenue from 9:00-10:30 a.m.

The top industry executive will also attend the Independents Panel, to take place at the Hotel Lookout from 12:15-1:15 p.m.

A critical role

In a recent interview with The Energy Year, Dos Santos highlighted Somoil’s critical role in the market and its long-term investment plans.

“Somoil is the largest Angolan private oil company and we plan to remain in that position. Increasing our reserves base is absolutely critical for our future,” he said.

 

“One of our objectives in our long-term strategy is to increase our reserves replacement ratio by focusing on mature assets.”

Dos Santos also offered advice to those interested in investing in Angola. “For potential investors, getting to know Angola is a key first step. And for our part, we need to expose the country and its companies,” he said.

“A few things are unique to Angola’s industry. Because of its political stability, long-term economic strategy and openness to investors and business, it offers a near-sanctity of contracts. No PSA has been revoked and most licences are extended. Infrastructure and human resources have also improved significantly over the last few years.”

As Somoil looks to the future as a critical independent African oil and gas producer,  its ambitions are set high.

“Our goal is to become the premier integrated energy company in Angola and the region,” Dos Santos said.

For more on Somoil, read our latest interview with Edson Rodrigues Dos Santos here.

 

 

 

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