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|13 January, 2019

Sharjah's SNOC awards Eni three onshore exploration concessions

Eni will act as operator with 75% participating interest, with SNOC as partner with a 25% stake

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018.

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018.

REUTERS/Alessandro Bianchi

DUBAI- Sharjah National Oil Corporation (SNOC) awarded Italy's Eni concessions in three areas, Eni said in a statement on Sunday.

"Concession Area A and C cover respectively an area of 437 square kilometres (169 square miles) and 1,184 square kilometres. Eni will act as operator with 75 percent participating interest, with SNOC as partner with a 25 percent stake," the statement said.

"Concession Area B covers an area of 264 square kilometres. SNOC will act as operator with 50 percent participating interest, with Eni holding a 50 percent stake," it added.

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(Reporting by Rania El Gamal; Writing by Asma Alsharif; Editing by Kirsten Donovan) ((asma.alsharif@thomsonreuters.com; +20225783290; Reuters Messaging: asma.alsharif.reuters.com@reuters.net))

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