Etu Energias Signs Structured Financing Deal with Mauritius Commercial Bank and TotalEnergies for Angola Offshore Project
Etu Energias, Angola’s largest privately-held oil company, has finalized a structured disbursement agreement with Mauritius Commercial Bank and energy major TotalEnergies to finance capital expenditure and development activities at Block 17/06, offshore Angola.
Block 17/06 is home to the Begonia project, Angola’s first inter-block development, which began production in 2025.
The block is operated by TotalEnergies alongside partners Sonangol E&P, SSI, and Falcon Oil, with Etu Energias holding a 7.5% participating interest.
The financing agreement is designed to strengthen collaboration among partners while ensuring the continued development and operational success of the asset.
