2019 Sharjah Licence Round
The Emirate of Sharjah is delighted to invite competent petroleum exploration and production companies as well as investors to participate in Sharjah’s first onshore Licence Round and join the Sharjah National Oil Corporation (SNOC) in exploring the onshore potential of Sharjah, based on mutually beneficial concession agreements.
Sharjah wishes to discover and develop new hydrocarbon resources, building on its recently encouraging exploration activities. The intended concessional arrangements will facilitate the efficient and speedy development and monetisation of any commercial discovery, whereby the National Oil Corporation is set to purchase and process the hydrocarbons through its existing gas processing and transmission facilities, where applicable.
Sharjah has always strongly supported private investment, providing the appropriate economic environment, to encourage sustainable development, employment and business opportunities for the benefit of the people. New partnerships in petroleum exploration and development will enhance and strengthen these policies.
Ahmed Bin Sultan Al-Qasimi
Chairman, Petroleum Council