Soyo – The Pângala onshore oil park, owned by Etu Energias, in the city of Soyo, Zaire province, intends to recover production levels from the 1970s, which averaged 50,000 barrels per day.
According to the chairman of the Board of Directors of Etu Energias, Edson Santos, the park currently produces 5,300 barrels per day, a drop justified by the obsolescence of the lines, which have lost the pressure.
Edson Santos was speaking on Friday, in Soyo, during a “Coffee with journalists” session, as part of a guided tour organized by the company to the oil field with 15 wells.
He recalled that Pângala is an old field, which came into operation in 1970, by the now extinct oil company Fina, with an average daily production of 50,000 barrels.
Edson Santos also explained that, to change the paradigm, there is a project to replace the crossing lines, taking into account environmental issues such as the reduction of gas emissions.
'The perspective is to return to producing the previous 50,000 barrels”, he insisted.
Regarding national production, he recalled that the country already produced an average of more than two million barrels per day, before dropping to just over one million barrels today.
Etu Energias currently has 91 wells in production, although the number has already been drilled.
Of total production, 90% is made in the province of Zaire, more precisely in Soyo, in the so-called Lower Congo, where the company has more than a thousand jobs, 270 employees and tax benefits of 35%.
In 2023, it raised 141 million US dollars, which represents an 82% increase in profit compared to 2022 revenue.
The production cost per barrel is estimated at 14 dollars and the field has a storage capacity of 40,000 barrels, with four tanks.
In 2023, total production was 13 thousand barrels, while, in 2024, the perspective is to increase to 25,000.
Etu Energias is an integrated energy company, 100% Angolan and with exclusively private capital.
It is dedicated to the research, development, production and marketing of crude oil and recently concluded an agreement to purchase assets from the oil company Galp, in Angola, and Total, to reinforce its position as a reference player in the Angolan oil industry. ML/IZ/DOJ
