Exploration & Production

Sharjah to launch exploration tender this summer

Sharjah is the latest emirate to announce a tender for acreage, but it it is unclear whether it will offer investment or service contracts Sharjah is the latest emirate to announce a tender for acreage, but it it is unclear whether it will offer investment or service contracts.
By Verity Ratcliffe 9 May 2018 0 30775
Sharjah's port of Hamriyah. The port of Hamriyah in Sharjah. (Sharjah Ports)

Sharjah National Oil Corp.’s (SNOC’s) seismic programme has revealed “positive signs” and the company is preparing to launch a tender to explore its acreage, according to its chief executive. However, SNOC has yet to decide whether it will offer investment or service contracts.

“We are in the data interpretation phase [of the seismic survey]; there are positive signs,” Hatem al-Mosa told Interfax Natural Gas Daily, adding the prospects are mostly gas. “The analysis will be concluded very soon and then we will move to the next...