Etu Energias acquires 31% stake in Block 14 for 260 million dollars
Business

Etu Energias acquires 31% stake in Block 14 for 260 million dollars

SAPO Notícias29 August 2026 at 18:01

Etu Energias, Angola's largest private energy company, signed a Purchase and Sale Agreement with Cabinda Gulf Oil Company Limited (CABGOC) to acquire a 31% stake in Block 14 and 15.5% in Block 14K, both located in the offshore area of Cabinda. The total value of the transaction is 260 million dollars.

This acquisition represents an important milestone for Etu Energias, strengthening its position in Angola's oil sector and expanding its operations into new exploration areas. The company thus demonstrates its commitment to growth and diversification of its activities in the country.

The blocks in question are located in the offshore region of Cabinda, an area of great strategic relevance for Angola's oil industry. The transaction is subject to the usual regulatory approvals before it is completed.

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