Confirmation DEA 30 Jul â19: CNOOC is acquiring a 55.5% interest from Svenska in Sinapa block 2 and Esperanca blocks 4A + 5A, total 5,725 sq km in shelf waters, the deal closing 3Q â19.Â  Several prospects are identified of which Atum in block 2 and Anchova across blocks 2 & 4A. The contract is set for expiry Nov â20 with drilling set beforehand, the Greater Atum prospect slated for spudding in early 2020. Svenska (op) 23.03%, CNOOC 55.5%, FAR 21.42%.Â  In the event of a commercial find, CNOOCâs interest will reduce to 50%, and it can take over operatorship at the end of drilling.
CNOOC is acquiring a 55.5% interest from Svenska in Sinapa block 2 and Esperanca blocks 4A + 5A, total 5,725 sq km in shelf waters, the deal closing 3Q â19.  Several prospects are identified of which Atum in block 2 and Anchova across blocks 2 & 4A