Extractive Industries

Tobias-13 well spuds in brownfield block KON-11

Corcel plc’s partner yesterday began drilling the Tobias-13 oil well in block KON-11 in the Kwanza basin, onshore Angola.

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Subject to the first well’s results, the workplan for KON-11 includes one or more new wells with the main aim of early production.     

On positive drilling results, the geological and geophysical data will be evaluated to improve the structural maps of the block and resume production.

Corcel holds a 20% working interest (18% net) in the project which is operated by Sonangol.

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