Sharjah Announces 2018 Onshore Licensing Round

Sharjah (UAE), June 25, 2018 – The Sharjah Petroleum Council (SPC) announced today it 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 licensing round, which will open on June 25th, offering companies 30-year contracts with a 10-year extension.