Corcel plc said that initial drilling and testing had been suspended of its onshore TO-13 well in Angola following “inconclusive results”. POTENTIAL “After several weeks of well testing and engineering efforts the well has produced minimal levels of water and oil to date,” added the company. Operator Sonangol will turn its focus to geological and geophysical […]
Tag: Kwanza basin – onshore Angola
Corcel appoints Scott Gilbert as interim CEO
Corcel plc has appointed Scott Gilbert as interim chief executive with immediate effect and, subject to 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. Since December 2023 he has […]
Corcel finds ‘significant’ water in 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, onshore Angola. DATA Operator Sonangol has now completed initial well test efforts at the well while engineering work continues. Nitrogen shortages in Luanda have prompted Sonangol to move to test TO-13, […]
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. […]