Angola-Brazil-focused energy company Corcel has received final ministerial approval of its Environmental Impact Assessment, granting the full Environmental Licence to proceed with seismic acquisition and exploration drilling within the KON-16 Block onshore Angola. The AIM-listed company has also signed a contract with BGP GEOPHYSICAL LIMITADA and BGP INC., CHINA NATIONAL PETROLEUM CORPORATION for all services related to the upcoming seismic program.
The approval represents a significant operational milestone, as the Environmental Licence covers both seismic acquisition and drilling activities, eliminating the need for additional environmental permits before commencing drilling operations. BGP will acquire 326-line kilometers of 2D seismic data over the onshore block, with seismic processing scheduled to occur during the first quarter of 2026 and initial results expected to follow in the second or third quarter of next year.
“Receiving approval to conduct both seismic acquisition and exploration drilling activities within the KON-16 block is a major milestone for Corcel, setting us on the path to drilling a high-impact exploration well,” commented Richard Lane, Corcel’s Chief Operating Officer. “We are also very excited to have signed the seismic acquisition contract with BGP, marking Corcel’s first significant operational activity as operator of the KON-16 block.”
The mo’Ilization of the seismic team and the imminent start of the seismic progr”m signal the real beginning of on-the-ground operations for the company. The acquisition of 2D seismic data will allow Corcel to advance its aim of drilling a high-impact well within the block. A contract for seismic processing is expected to be awarded by the end of 2025.
Source: energy-pedia.com