Page 4 - Al Tijarah - February 2019
P. 4

Sharjah Ruler signs a long term agreement

                             with ENI to explore oil and gas

       48  HH Sheikh Dr. Sultan bin Mohammed

         Al Qassimi, Supreme Council Member
         and Ruler of Sharjah, in the presence of
         H.H. Sheikh Ahmed bin Sultan Al Qasimi,
         Deputy Ruler of Sharjah, Chairman of
         the Oil Council, H.H. Sheikh Sultan bin
         Mohammed bin Sultan Al Qasimi, Crown
         Prince and Deputy Ruler of Sharjah, H.H.
         Abdullah Bin Salem Bin Sultan Al Qasimi,
         Deputy Ruler of Sharjah, received
         Claudio Discalze, CEO of Eni, at the
         Ruler's Office.

         His Highness the Ruler of Sharjah,
         and CEO of Eni, shared issues related
         to energy, oil and natural gas, and
         future projects that will achieve energy
         sustainability in all fields. His Highness   Chairman of the Sharjah National Oil   of the Sharjah National Oil Corporation,
         the Ruler of Sharjah signed a long-  Corporation, said: "We are very pleased   welcomed ENI as a reliable partner with
         term agreement whereby ENI will be   with the success of the licensing round   its proven track record in exploration
         awarded concessions of exploration   in securing a partner with extensive   and development, in terms of expertise
         and development of oil and natural   experience to help us in exploration   and ability to move the business forward
         gas fields in three regions in a 30-year   activities in Sharjah for months and years   at a rapid pace.”
         partnership with the Sharjah National   ahead ".
         Oil Corporation.                                                     The rights are granted following
                                           The exploration areas, which the   the completion of the first round of
         The agreement was signed by Claudio   agreement allowed ENI to explore, were   land licenses by Sharjah National Oil
         Discalazzi, Eni’s CEO, who praised   available to applicants from around the   Company on behalf of the Sharjah
         Sharjah's research efforts in the fields   world in partnership with the Sharjah   Oil Council, and the aim was to
         of energy, oil and natural gas, which   National Oil Corporation, and the results   select an appropriately qualified
         will support sustainable energy, provide   gave ENI the responsibility to operate in   partner to accelerate the exploration,
         a variety of sources and multiple   two regions, while the Sharjah National   assessment and development of land-
         discoveries to serve future generations.  Oil  Corporation  in  the  third  region.   based hydrocarbon resources in
                                           The agreement covers exploration,   Sharjah.
         Sheikh Ahmed bin  Sultan Al Qasimi,   assessment and development of oil and
         Deputy Ruler of Sharjah and Chairman   gas resources in the three regions.  His Highness the Ruler of Sharjah also
         of the Oil Council, said: "The Sharjah                               witnessed the signing of a cooperation
         Licensing has added long-term value to   The licensing round attracted great   agreement between the Sharjah National
         the government and people of Sharjah,   interest from applicants due to several   Oil Corporation (ENOC) and ENI,
         and I would like to congratulate both ENI   attractive  factors,  including the three-  signed by Engineer Hatem Al Mousa,
         and the Sharjah National Oil Corporation   dimensional  high-resolution  seismic  the Executive Director of the Sharjah
         and wish them success in the future."  survey completed before the application   National Oil Corporation (SNPC), and
                                           process, the availability of adequate   Claudio Discalazzi, CEO of ENI, and
         Sheikh Sultan bin Ahmed Al Qasimi,   infrastructure and an efficient product   related to cooperation in the oil and
         Vice President of the Oil Council and   market. Eng. Hatem Al-Mousa, the CEO   natural gas fields.
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