The Sharjah Petroleum Council (SPC) announced it is inviting petroleum exploration and production companies and investors to bid in an inaugural onshore acreage licencing round covering three Concession areas. SPC has appointed Sharjah National Oil Corporation (SNOC) to conduct the licencing round, which will open on 25th June,offering companies 30-year contracts with a 10-year extension.…

SHARJAH, June 25, 2018 – The emirate of Sharjah launched a licensing round for three blocks on Monday, local media reported. Sharjah National Oil Corporation is to keep 25% stakes in areas A and C as well as a 50% interest in area B, daily The National reported. The news comes months after the emirates…

The Sharjah Petroleum Council (SPC) is inviting petroleum exploration and production companies and investors to bid in an inaugural onshore acreage licensing round covering three concession areas. SPC has appointed Sharjah National Oil Corporation (SNOC) to conduct the round of licensing, offering companies a contract of 30 years with a 10-year extension. Sheikh Ahmed bin…