Luanda, Angola — Chariot Energy, an Africa-focused energy company, has announced the acquisition of a significant stake in two offshore oil blocks in Angola. The transaction, which includes a 20% working interest in Block 14 and a 10% working interest in Block 14K, marks a strategic move for the company as it gains economic exposure to material oil production in one of the world’s premier oil provinces.
According to a statement from Chariot, the acquisition is part of a sale and purchase agreement signed by a subsidiary of Etu Energias S. A. A 100% Angolan-owned exploration and production company.
This agreement follows an earlier announcement by Chariot on February 19, 2026. Chariot expressed delight in having raised the necessary funds and supported Etu Energias in this acquisition, alongside significant financing from Shell Trading. The company anticipates completion of the transaction later this year.
Block 14, located offshore Angola, is a mid to late-life producing asset with a remaining licence term of 13 years. Since first oil in 1999, the fields on Block 14 have cumulatively produced over 900 million barrels of high-quality crude, with current production at approximately 40,000 barrels of oil per day (kbopd). The adjacent Block 14K, which crosses the maritime border with the Republic of Congo, is expected to deliver strong future cashflows over the medium term.
The acquisition is expected to enhance Chariot’s presence in the region and contribute to the company’s growth strategy. It also underscores the ongoing interest in Angola’s oil sector, which has been a key driver of the country’s economy for decades.
Source: Panafricanvisions
