UK-based exploration and manufacturing (E&P) firm Corcel has secured approval to start seismic acquisition actions throughout the KON-16 onshore block in Angola.
It’s the ultimate ministerial approval of the environmental influence evaluation, which grants an environmental licence for seismic acquisition and exploration drilling.
Corcel, by way of its subsidiary Atlas Petroleum Exploration Worldwide, has signed a contract with B.G.P. Geophysical and BGP, China Nationwide Petroleum for seismic acquisition companies inside KON-16.
Corcel is about to start seismic acquisition operations within the close to future, together with a 2D seismic programme.
Corcel is about to start seismic acquisition operations within the close to future.
BGP will purchase 326 line-kilometres (km) of 2D seismic knowledge over KON-16.
The processing of this seismic knowledge is scheduled for the primary quarter of 2026, with preliminary outcomes anticipated within the second or third quarter of the identical yr.
Corcel plans to award the contract for seismic knowledge processing by this yr’s finish.
Corcel COO Richard Lane stated: “Receiving approval to conduct each seismic acquisition and exploration drilling actions throughout the KON-16 block is a significant milestone for Corcel, setting us on the trail to drilling a high-impact exploration nicely.
“We’re additionally very excited to have signed the seismic acquisition contract with BGP – one other main milestone, marking Corcel’s first vital operational exercise as operator of the KON-16 block.
“The mobilisation of the seismic group and the approaching begin of the seismic program sign the true begin of on-the-ground operations.
“This is a crucial step for Corcel as we transfer from planning to execution, and we look ahead to preserving shareholders up to date as exercise ramps up.”
Corcel stated that the brand new seismic knowledge will enhance protection in KON-16 by 227%, constructing on the prevailing 143 line-km of 2D knowledge over the block.
The onshore Kwanza basin, the place KON-16 is situated, already has 2,589 line-km of 2D knowledge acquired in 2010 and reprocessed in 2025.
The corporate stated that the acquisition of further 2D knowledge will improve subsurface imaging and prospect definition.
The seismic marketing campaign goals to advance the asset to drill-ready standing.
Corcel stated the programme is designed to concentrate on particular prospects recognized by its group, integrating legacy Seventies 2D knowledge, reprocessed 2010 seismic knowledge
It additionally integrates high-resolution gravity gradiometry knowledge collected in 2024.
Angola plans to repeat its multi-year licensing spherical for oil and fuel acreage beginning in 2026.
“Corcel secures environmental allow for KON-16 block in Angola ” was initially created and printed by Offshore Expertise, a GlobalData owned model.
