Exploration company Corcel has completed the data acquisition phase of the Enhanced Full Tensor Gradiometry Survey (eFTG) on Block KON-16 in Angola’s onshore Kwanza Basin.
Corcel will now analyze and interpret the data – which was collected by contractor Metatek Group – through the end of 2024. This analysis will provide geological insights that will enable the exploration and development of Block KON-16.
“This is a significant milestone in our exploration efforts, providing us with an important dataset that will help refine our understanding of the subsurface structure and prospectivity of this large, underexplored block,” said Scott Gilbert, Corcel CEO.
Corcel will combine the eFTG survey data with existing 2D seismic and well data to identify key areas within the 1,000 km² block. This will guide the company’s targeted 2D seismic program for 2025, with the goal of drilling the first new well on the block since the 1960s.
Corcel holds a 35% interest in Block KON-16 and operates it through its subsidiary, Atlas Petroleum Exploration Worldwide.
