Corcel plc has received final approval of its environmental impact assessment, which grants a full environmental licence for seismic acquisition and drilling in block KON-16, onshore Angola.
OPERATOR
The company’s local subsidiary, Atlas Petroleum Exploration Worldwide Ltd has also signed a contract for the 2D seismic with B.G.P. Geophysical Limitada, Lda and BGP Inc., China National Petroleum Corporation.
Operations, expected to begin shortly, will involve acquisition of 326-line km seismic data, with processing due in the first quarter of 2026, followed by initial results during the Q2/Q3.
“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,” said chief operating officer Richard Lane.
“We are also very excited to have signed the seismic acquisition contract with BGP – another major milestone – marking Corcel’s first significant operational activity as operator of the KON-16 block.
“The mobilisation of the seismic team and the imminent start of the seismic programme signal the real start of on-the-ground operations.”