Corcel (GB:CRCL) has released an update.
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Corcel PLC, an Angola-Brazil focused exploration and production company, has partnered with Brazilian energy services firm Conterp to acquire and develop producing onshore oil and gas fields in Brazil. The collaboration leverages Conterp’s extensive local expertise and Corcel’s subsurface capabilities and access to capital markets, targeting regions with significant development potential. This strategic alliance is expected to provide Corcel with a competitive advantage in executing acquisitions and enhancing production.
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