Sharjah: The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah. The discovery, named ‘Mahani’ comes within the first year of the partnership and represents the first onshore discovery of gas in the Emirate since the early 1980’s.

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 national energy company said today in a statement. SNOC, which is the Operator of Area B, and in partnership with Eni in the discovery as part of a Concession Agreement that was signed in early 2019. The two companies are also partners in Concession Areas A and C, located onshore Sharjah.

“The launch of the International Competitive Exploration Licensing Round by the Sharjah National Oil Corporation (SNOC) 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 United Arab Emirates,” said His Excellency 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.”

SNOC was established in 2010 by an Amiri decree of Sharjah’s Ruler, and is tasked with exploration, production, engineering, construction, operation and maintenance of the Emirate’s energy assets. SNOC owns and operates over 50 wells distributed in three fields, a gas processing complex and 2 hydrocarbon liquid storage and export terminals.

“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 for 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,” said Hatem Al Mosa, CEO of SNOC.

Mahani-1 was drilled to a total measured depth of 14,597 ft. and has encountered gas with associated condensate within the Thamama Group, the primary target for the well. The well has tested gas at flow rates of up to 50 MMSCF/D (million standard cubic feet per day), together with associated condensate. The size of the discovery will be further evaluated in due course with additional drilling expected.

-Ends- 

For further details, please contact:
Kate Joyce
E: katejoyce@gulfintelligence.com 

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.