document: As of mid-November 2018, reports suggest that Total was in discussion with Aime Ngoy Mukena (Minister for Hydrocarbons) and Hubert Mihimi (head of SONAHYDROC) over a potential agreement to acquire Block I and II (previously operated by Oil of DRC Sprl).   As of June 2018, it is understood that Oil of DRC Sprl (Oil of DRC), a joint venture between Caprikat Ltd and Foxwhelp Ltd and Government were in negotiations for the return of Blocks I and II. According to local sources sanctions imposed on Dan Getler have prevented the mobilization of capital necessary for the continuation of work within Block I and II (Caprikat Ltd and Foxwhelp Ltd are subsidiaries of Gertlerâs Fleurette Group). It is understood that the blocks will be returned to the state with a commitment from the state that the new operator once identified will reimburse the costs incurred by Oil of DRC (estimated at USD 118,8 million).    Oil of DRC operates Blocks I & II with an 85% interest, the state oil company, SONAHYDROC hold the remaining 15% and will be carried through exploration.Â  Both blocks were previously held by Tullow.
summary: As of mid-November 2018, reports suggest that Total was in discussion with Aime Ngoy Mukena (Minister for Hydrocarbons) and Hubert Mihimi (head of SONAHYDROC) over a potential agreement to acquire Block I and II (previously operated by Oil of DRC Sprl). As of June 2018, it is understood that Oil of DRC Sprl (Oil of DRC), a joint venture between Caprikat Ltd and Foxwhelp Ltd and Government were in negotiations for the return of Blocks I and II. 