EXPLORATION

FAR approves interest transfer with Svenska and CNOOC in West Africa

FAR Limited has approved a request for transfer of interest from Svenska Petroleum Exploration of a 55.55% participating interest in the highly prospective Sinapa and Esperanca petroleum licences in the offshore Guinea-Bissau to CNOOC.

 Transaction to close third quarter of 2019

Transaction to close third quarter of 2019

  FAR will retain 21.42% participating interest in each of the licences.    Under the terms of the farm-out agreement, CNOOC will be assigned a 55.55% participating interest in the Sinapa and Esperanca...

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