Preheat oven to 350 degrees. Combine oil, chocolate flavor, egg, flour, sugar, baking soda, salt, vanilla and water in a 9 x 9 x 2 inch baking pan. Beat with a fork until smooth and well blended, about 2 minutes; scrape bottom and sides of pan with rubber spatula after beating 1 minute. Spread batter evenly in pan. Sprinkle chocolate morsels over top of batter; arrange walnuts halves over top. Bake in preheated 350 degrees for 30 minutes or until a wooden pick inserted in the center comes out clean. Cool in pan on wire rack. Cut into 3 inch squares.
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