Milestone Achieved as Walcot, Oando, Sonangol, Effimax Initial PSA for KON 13 Oil Block Concession
Walcot is delighted to announce that it has initialled the Production Sharing Agreement (PSA) for Oil Block KON 13, in partnership with Oando, Sonangol, and Effimax.
This marks an important step in strengthening collaboration and driving investment in Angola’s energy sector. Walcot and its partners are committed to working together to unlock the block’s potential, create sustainable value, and contribute to the growth of the local economy.
Mr. Hyginus Ogbuike, General Manager, Walcot, said, “The initialing of the KON 13 Production Sharing Agreement is a strategic milestone for Walcot, as it strengthens our long-term commitment to Angola’s upstream sector. Partnering with Oando, Sonangol, and Effimax reflects our shared vision of responsible energy development, sustainable value creation, and advancing Angola’s role in the global energy market”.
Walcot is an independent energy company focused on exploration, development, and sustainable growth across Africa’s oil and gas sector. With a commitment to strategic partnerships, innovation, and local value creation, Walcot is dedicated to delivering energy solutions that drive economic progress and long-term impact for host communities and stakeholders.
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