CNOOC acquires 55.55% of Svenska’s interest in highly prospective acreage offshore Guinea-Bissau • CNOOC to acquire 55.55% interest from Svenska Petroleum Exploration GB in Sinapa and Esperanca licences offshore Guinea-Bissau • Proven hydrocarbon system with 2 oil discoveries on licences • Drill planning on target to test Greater Atum Prospect (471mmbbls*, 100% basis, best-estimate prospective resource) in Q1 2020 • Greater Atum is a shelf-edge combined structural-stratigraphic play analogous to giant SNE oil discovery offshore Senegal • FAR to retain its 21.42% participating interest in each of the licences.
Ann: CNOOC acquires 55.55% of Svenska's interest in Guinea Bissau, page-2
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