Walcot Limited Secures Operatorship of Block KON 1 in Angola’s Onshore Kwanza Basin
Luanda, Angola | April 22, 2025 — Walcot Limited is proud to announce the award of Block KON 1, located in the northern part of Angola’s Onshore Kwanza Basin. The company has secured a 100% equity interest and operatorship of the block, further strengthening its presence in one of Africa’s most promising hydrocarbon basins.
This latest award follows Walcot’s earlier acquisition of 100% equity and operatorship in Blocks CON 3 and CON 7, as well as a 10% non-operating interest in Block KON 13. With the addition of KON 1, Walcot now holds positions across four strategic blocks in Angola, underscoring its long-term commitment to the country’s upstream sector.
Block KON 1 covers approximately 1,575 km² and is bordered by the Atlantic Ocean to the west, Precambrian basement outcrops to the north and east, and Blocks KON 2 and KON 3 to the south. The block lies within the prolific Kwanza Basin, which has a rich exploration history dating back to the early 20th century. The basin hosts proven pre-salt and post-salt petroleum systems with multiple reservoir and trap configurations.
Recent geological and geophysical studies—alongside legacy data including over 700 km of seismic and 16 historical wells—have identified several promising structural and stratigraphic leads. Prospective resources are estimated between 935 and 1,617 million barrels of oil (MMBO).
“Securing Block KON 1 is a strong vote of confidence in Walcot’s capabilities and vision,” said S. B. Mohammed, Managing Director of Walcot Limited. “This milestone deepens our roots in Angola and reflects our long-term commitment to advancing exploration efforts that are both technically robust and strategically aligned with the country’s energy ambitions.”
Walcot intends to move forward with a comprehensive exploration program that includes seismic reprocessing, prospect maturation, and the acquisition of new seismic data. In addition, the company plans to drill exploratory wells using the latest technology. These efforts reflect Walcot’s commitment to accelerating the transition from exploration to production, with the goal of transforming its Angolan blocks into producing assets that deliver long-term value to both Angola and Walcot’s stakeholders.
Media Contact:
Corporate Communications
Walcot Limited
Email: info@walcotgroup.com
Phone: +234 (0) 209 291 3415
Website: www.walcotgroup.com