Thailand’s national upstream company PTTEP has farmed in to another United Arab Emirates block with the acquisition of a 25% interest in Eni’s Sharjah Onshore Area A exploration block.
Acquisition of this stake from Italian operator Eni is expected to complete before the end of the year subject to certain conditions and obtaining government approvals. Situated in the Emirate of Sharjah, north of the UAE, Sharjah Onshore Area A spans approximately 437 square kilometres. Eni was awarded the onshore exploration block from Sharjah National Oil Corporation (SNOC) in early 2019.
