About the Permit
Sintana holds a participation interest in the KON-16 license which is located is located in the Central coast of Angola, in the Kwanza Basin.
Angola’s onshore oil and gas sector, particularly in the Kwanza Basin, is gaining renewed attention as the government seeks to diversify exploration and production beyond its mature offshore fields. The Kwanza Basin, which stretches along the central-western coast of Angola, holds significant hydrocarbon potential. Historically underexplored compared to the prolific offshore deepwater blocks, the basin is now a focal point of efforts to revitalize the country’s upstream sector.
Recent licensing rounds and regulatory reforms have opened the door for both international oil companies and local players to participate in onshore exploration and production, bringing new investments and technological capabilities to the region.
Highlights
- Block KON-16 holds significant untapped potential due to its favorable geological setting and historical data indicating the presence of hydrocarbons.
- 1 exploration well drilled in 1960 with oil and gas shows.
- Both the 2D Seismic data and the 1 existing well show tremendous potential for hydrocarbons with both post and pre-salt potential.
- 3 post-salt leads and 3 pre-salt leads identified using current seismic database.
- Independent resource assessment planned, following reinterpretation of existing seismic data and the integration of the new eFTG data.
| Partners | Participation Interest |
|---|---|
| Corcel, plc. | 85%* |
| SONANGOL | 15% |
* Effective Interest – On May 14th 2025, the Company announced the acquisition of 5.88% equity stake in a newly formed Special Purpose Vehicle (“SPV”) resulting in an effective interest to Sintana Energy in KON-16 of 5% interest.
data Snapshot
| Location | Kwanza Basin, Central Angola |
| Area | 1000 km2 (250,000 acres) |
| Grant Date | TBD |
| Licence Term | 5 years + 2 renewal terms of 2 years |
| eFTG Data | 1000 km2 (2024) |
| 2D Seismic | 6 lines (2010 TGS) |
| Nearby Wells | Tuenza-1 |
