In December 2019, Local sources indicated that Total is looking to farm down a stake in its ultra-Deepwater Congo Fan Block 48/16. It is assumed that the company will attempt to farm out prior to the drilling of the ultra-Deepwater Block 48/16 - 1 planned exploratory well (spud is expected in Q1 2020). Â Â   Block 48/16 covers some 3,563 sq km atop the Congo Fan, water depths across the acreage range between 2,200 m and 3,900 m. The licence is flanked to the east by Totalâs Block 32. To date Block 48/16 is undrilled. Industry sources suggest that Total will use 2D and 3D seismic data acquired by ION Geophysical (2007, 2D) and Western Geophysical (1998, 2D and 1999, 3D) ahead of drilling, and will not acquire new seismic data.  Total operates the block with a 50% interest and Sonangol P&P holds the remaining 50% stake.
Total is looking to dilute its 50% stake in block 48/16, 3,563 sq km undrilled in deepwaters of the Congo Fan. A well is planned here in 1Q â20. Partner Sonangol.