Corcel plc has appointed Scott Gilbert as interim chief executive with immediate effect and, subject to customary regulatory checks, to the board as an executive director. Mr Gilbert is a co-founder and vendor of Atlas Petroleum Exploration Worldwide Ltd with interests in blocks acquired by Corcel in the Kwanza Basin, Angola. He has since December […]
Tag: Kwanza basin – onshore Angola
Corcel finds ‘significant’ water from TO-14 clean-up
Corcel plc found “significant” water production with oil shows and nominal oil saturation levels from clean-up operations using nitrogen at the TO-14 well within the Tobias field, onshore Angola. DATA Partner and operator Sonangol has now completed initial well test efforts at the well while engineering work continues. Nitrogen shortages in Luanda have prompted […]
Corcel targets first oil and listing
Corcel plc said it was on the verge of a material transformation to become “a sizeable, listed oil and gas developer”. OPERATOR During H2 2023, the company refocused on hydrocarbons in the Kwanza Basin, Angola and is considering further transactions in the region and overseas. The six months also saw a new board of directors […]
Testing starts on Tobias-14 well after delays
Corcel plc said testing had started on the Tobias-14 (TO-14) well on block KON-11, onshore Angola. Operator Sonangol faced delays due to longer than expected wait for deliveries of testing equipment, combined with heavy rains and regional flooding at the well location. Once testing is complete, the equipment will be moved to flow test TO-13 […]
Tobias-14 penetrates entire Binga reservoir
Corcel plc’s second well in Angola has penetrated the entire Binga reservoir section, of an approximately 80-metre column, with potential pay zones in multiple intervals. MOVEABLE FLUIDS Operator Sonangol drilled Tobias-14 to a total depth of 781m and close to TO-4, as an offset well from the “best historic producer” in the original Tobias field. […]
Corcel JV spuds Tobias-14 in Kwanza
Corcel plc’s consortium partner has spud the Tobias 14 well on the onshore KNON-11 block in the Kwanza basin, onshore Angola. PRODUCTION TO-14 follows drilling of TO-13 which earlier this month encountered “potentially productive zones in multiple intervals” throughout the Binga reservoir. A well testing programme for both wells will begin after operator Sonangol reaches total […]