Sharjah National Oil Corporation has finalized an agreement to acquire a 30% stake from Eni in Area 7 in Ras Al Khaimah, which extends over an area of 430 square kilometers and is seeing extraordinary activity in oil and gas exploration work with the ongoing work. exploratory well drilling. After the agreement, Eni, as operator, owns 60% of exploration area 7, while SNOC owns 30%, and RAKGas owns 10%.
progress
Sheikh Mohammed bin Ahmed Al Qasimi, Vice-Chairman of the Sharjah Oil Council, said: “The agreement with Eni aims to strengthen ongoing cooperation between the emirates of Sharjah and Ras Al Khaimah, and we look forward to special results in drilling operations and performance. more progress and growth in the near future.”
For his part, Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of the Ras Al Khaimah Petroleum Authority, emphasized: “The collaboration between Ras Al Khaimah, Sharjah and Eni contributes to supporting and encouraging the growth of the energy sector, through strategy. partnerships, which will contribute to further growth in the sector.”
Cooperation
This partnership strengthens the existing collaboration between Sharjah National Oil Corporation and Eni, which has continued its operations in Sharjah over the past five years to has the “Mahani” field for natural gas and condensates been discovered and to find many new opportunities for exploration. This agreement also represents a natural progression with the close relationship with Eni and RAKGas, and the collaboration between Sharjah and Ras Al Khaimah in developing energy infrastructure in the Emirates.
For his part, Hatem Al-Mousa, Executive Director of Sharjah National Oil Corporation, confirmed that the group will partner with “Eni” and “RAKGas” to explore Field 7, as well as being a The company’s first investment outside of Sharjah also strengthens the relationship between the emirates of Sharjah and Ras Al Khaimah.
2024-05-09 22:02:21
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