Exploration & Production

Sharjah sees strong interest in licensing round

Twelve companies have prequalified for the round, which is offering three onshore blocks in the emirate Twelve companies have prequalified for the round, which is offering three onshore blocks in the emirate.
By Fatima Sadouki 15 November 2018 0 33323
Sharjah in the United Arab Emirates. (PA)

Sharjah National Oil Co. (SNOC) has prequalified 12 companies as part of its first onshore licensing round and aims to sign contracts by early January.

Interest in the round was higher than expected given other licensing rounds are taking place at the same time in the neighbouring emirates of Abu Dhabi and Ras al-Khaimah. There is a general push across the United Arab Emirates for gas exploration to meet growing domestic demand. 

SNOC said 35 companies were interested initially. The number was whittled down to 20 and...