Sharjah National Oil Corporation says discovery made in partnership with Eni
Sharjah National Oil Corporation (SNOC) has announced that its oil and gas exploration service and its partner Eni have made a new onshore discovery of natural gas and condensate in the emirate.
The discovery, named Mahani, comes within the first year of the partnership and represents the first onshore discovery of gas in Sharjah since the early 1980s.
The national energy company said in a statement carried by state news agency WAM that the Mahani-1 exploration well, located in the Area B Concession, is the first exploration well drilled by SNOC following the acquisition of a new 3D seismic survey covering the territory.
The two companies are also partners in the Onshore Sharjah Concession Areas A and C.
Sheikh Sultan bin Ahmed Al Qasimi, president of SNOC, said: "The launch of the International Competitive Exploration Licensing Round by the Sharjah National Oil Corporation on behalf of Sharjah Petroleum Council in 2018 has enabled new and valuable strategic partnerships. This discovery is a promising development for SNOC and meets our commitment to make reliable gas supplies available throughout the UAE.
"Sharjah provides strategic energy infrastructure to help the nation meet the growing demand for energy by residential, industrial and utility consumers."
Hatem Al Mosa, CEO of SNOC, added: "I am delighted that the first exploration well to be drilled in Sharjah by SNOC, is a gas discovery. This is the first onshore Sharjah discovery in 37 years and marks the beginning of an exciting time for SNOC and Sharjah’s energy sector. Partnerships like these allow us to combine our knowledge towards such successful outcomes and we look forward to further collaboration in the future."
