Luanda - A Sonangol registou um volume de negócios de 12,6 mil milhões de dólares, em 2022, e resultados operacionais estimados em USD 4,9 mil milhões, observando-se um incremento de 44% face a 2021.
The results of the national oil company's performance, which are provisional as they have not yet been audited, were presented Friday at a press conference by the company’s CEO, Gaspar Martins, during the firm’s 47th anniversary commemoration.
The figures presented highlighted the fact that Sonangol has recorded its highest annual turnover since it separated from the concessionary sector, with turnover up 42 percent on 2021, and EBIDTA (earnings before interest, tax, depreciation and amortisation) up 44 percent over the same period in the previous year, leading to a positive net result.
The oil company said it has seen a 46 percent increase in investments and a debt reduction to its suppliers.
According to Gaspar Martins, the results were mainly due to a combination of sales of crude oil and refined products, associated to a positive evolution of the prices of the crude oil barrel in the international market.
In this period under review, the company also says it has fully complied with all international agreements.
Production rights in the order of 18%
According to Gaspar Martins, Sonangol has the right to 18 percent (200,000 barrels/day) of the national production quota and is present in 35 oil concessions, nine of which it operates.
During the said period the oil company recorded an increase in exploration activity, with the drilling of 42 wells, four of which are in exploration, 25 "infill" wells, drilled in areas not drained by existing wells and 13 under development, with 210 million barrels of prospective resources identified.
Sonangol, Martins said, marked 2022 with the definition of the national oil company's Energy Transition Strategy for the 2022-2030 period, which is intended to be carried out through hydrocarbons as a funding source for the process, with gas as a transitional source for renewable energy.
The integration of the company as an effective member of the National Coordination Committee for the implementation of the Extractive Industries Transparency Initiative (EITI) and the launch of the project to prepare the 1st ESG (Social Governance and Environment) Report also marked the actions led by the company.
