As of late June 2019, it is understood that Eni will take over operatorship of the shallow water Congo Fan Block 1/14. According to sources a new contract to explore the block has already been negotiated and is with the ministry for final approval.   The 3,730 sq km block plays host to four small oil discoveries all discovered by Agip (Africa) Ltd in the early 1980s. At least 18 additional prospects have been identified however, these are thought to be gas prone.Â  Â   Sonangol E.P currently holds the block with a 100% interest however, once ministerial approval is received, Eni will operate the tract with a 35% interest, Sonangol P&P will hold a 30% stake, Equinor will hold a 25% stake and ACREP will hold the remaining 10% interest.
Eni is taking over from Sonangol EP as operator of block 1/14,  3,730 sq km in Congo Fan shallow waters. The deal is pending ministerial approval and will be retro-effective 1 Jun â19. Partnership-to-be is Eni (op) 35%, Sonangol P&P 30%, Equinor 25%, ACREP 10%.     