Business News

New gas field discovered in Sharjah

28
Jan

The Sharjah National Oil Corporation, SNOC, has announced on Monday the discovery of an inland gas field.

The new natural gas and condensate field, called “Mahani”, in the Emirate of Sharjah has flow rates of up to 50 million standard cubic feet per day, along with the liquids associated with it, according to the Sharjah Radio and Television Authority.

Image Credit: Supplied

It was the first land discovery of gas in the emirate in the last 37 years, the report added.

SNOC and its partner, Italy’s Eni, announced a successful new onshore discovery of natural gas and condensate field.

The discovery of Mahani gas field in Sharjah comes within the first year of the partnership and represents the first onshore discovery of gas in the Emirate since the early 1980s.
Image Credit: Supplied

LOCATION
The national energy company said in a statement on Sunday 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 discovery comes within the first year of the partnership and represents the first onshore discovery of gas in the Emirate since the early 1980s.

SNOC, operator of Area B, is in partnership with Eni in the discovery as part of a concession agreement signed at the beginning of 2019.

Partnership

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.

Sheikh Sultan bin Ahmed Al Qasimi, President of SNOC
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“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.”

Sheikh Sultan bin Ahmed Al Qasimi, President of SNOC

“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
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Hatem Al Mosa, CEO of SNOC, commented, “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.”