HH RULER OF SHARJAH RECEIVES ENI CEO CLAUDIO DESCALZI
SHARJAH, Sharjah Government Media Bureau, JAN 13, 2019 – His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received this morning (Sunday) in his office ClaudioDescalzi, CEO of Eni, Italy’s largest energy company, in the presence of HH Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Petroleum Council, HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah.
On this occasion, HH Ruler of Sharjah signed a long-term agreement awarding Eni three long-term concessions to explore and develop onshore oil and gas fields in a 30-year partnership with Sharjah National Oil Corporation (SNOC).
HH Ruler of Sharjah and the CEO of Eni also discussed a number of energy, oil and natural gas-related issues, as well as future projects aimed at ensuring the sustainability of energy.
HH Ruler of Sharjah also witnessed the signing of an agreement between SNOC and Eni, inked by Hatem Al Mosa, CEO of SNOC, and Claudio Descalzi, CEO of Eni, affirming cooperation between both parties in oil and natural gas.
Speaking on the occasion, HH Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Petroleum Council, said: “The Sharjah Licence round has delivered long-term value to the Government and people of Sharjah. I congratulate both ENI and SNOC and wish them much future success together.”
The three Concession Areas — A, B and C — were on offer to international bidders in partnership with SNOC, and the results gave Eni the role of Operator in Areas A and C, while SNOC retained the role of Operator in Area B. The Concession Agreements cover the exploration, appraisal and development of oil and gas resources in the areas.
This award follows completion of the first Onshore License Round conducted by SNOC on behalf of the Sharjah Petroleum Council. The objective of the License Round was to select suitably qualified partner(s) in order to accelerate the exploration, appraisal and development of the hydrocarbon resources onshore Sharjah.
Sharjah National Oil Corporation (SNOC) is Sharjah’s most reliable energy provider and one of the leading natural gas, condensate and LPG producers in the United Arab Emirates. SNOC operates three gas condensate fields, a large processing plant and export facilities that have delivered gas to the Northern Emirates for the past 35 years.
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