In September 2019, local sources indicated that several companies have visited the data room for the Congo Fan Block 15/06, Block 31 and Block 32 looking at acquiring a stake from Sonangol. According to the source proposals are expected to be presented within weeks and Sonangol hopes to close the deals by end December 2019. It's worth noting that companies already partners within the blocks may exercise preference clauses.  Sonangol plans to use the proceeds for cash calls primarily attributed to Block 32 and to start the development of fields within Block 20 and Block 21.   Block 15/06 operated by ENI plays host to the East and West hub developments which were producing at a rate of roughly 130,000 bo/d in June 2019.Sonangol holds a 36.84 % stake in the block directly and a 3.95 % indirect stake via its interest in SSI Fifteen Ltd. The development areas that from part of Block 15/06 are: Cabaca, Cinguvu, Mpungi, Ngoma, Nzanza, Ochigufu, Sangos and Vandumbu.   Interests in the blocks are: Eni Angola Exploration BV operator (36.84 %), Sonangol Pesquisa e Producao SARL (36.84 %) and SSI Fifteen Ltd (26.31 %)  Block 31 Operated by BP plays host to the PSVM development which was producing at a rate of roughly 80,000 bo/d in June 2019. Sonangol holds a 45 % stake in the block directly and a 4.5 % indirect stake via its interest in China Sonangol International Holding Ltd. The PSVM development includes: Plutoa, Saturno, Venus and Marte development areas.   Interests in the blocks are: BP Exploration (Angola) Ltd operator (26.67%), Sonangol P&P (45 %), China Sonangol International Holding Ltd (15 %) and Equinor Angola Block 31 AS (13.33 %).  Block 32 Operated by Total plays host to the Kaombo development which was producing at a rate of roughly 195,000 bo/d in June 2019. Sonangol holds a 30 % stake in the block directly and a 2.7 % indirect stake via its interest in China Sonangol International Holding Ltd. The Mostarda, Canela and Louro, development areas are part of the Kaombo Sul development and Gengibre, Gindungo and Caril areas are part of the Kaombo Norte development.   Interests in the blocks are: TOTAL E&P Angola Bloco 32 Ltd operator (30 %), Sonangol P&P (20%), Esso Exploration Angola (Block 32) Ltd (15%), Soc Nacional de Petroleos de Angola (Sonangol E.P) (10%) and GALP-Exploracao e Producao Petrolifera LDA (5 %).
In September 2019, local sources indicated that several companies have visited the data room for the Congo Fan Block 15/06, Block 31 and Block 32 looking at acquiring a stake from Sonangol. According to the source proposals are expected to be presented within weeks and Sonangol hopes to close the deals by end December 2019. It's worth noting that companies already partners within the blocks may exercise preference clauses.