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Eni wins UAE onshore block
Apr 19, 2021 12:55:pm
Summary
by: Joseph Murphy
Posted in:
Eni wins UAE onshore block
Eni has secured rights to onshore Block 7 in the Ras Al Khaimah emirate of the UAE, the Italian major said on April 19, noting that the area shared geological characteristics with its recent Mahani discovery in the adjacent Sharjah emirate.
The company has signed a production-sharing agreement for the block with the Ras Al Khaimah Petroleum Authority. Eni will serve as operator with a 90% interest, while Ras Al Khaimah's national oil company RAK Gas will have a 10% interest.
The 430-km
2 block "represents an underexplored acreage in a complex thrust belt geological setting, similar to that of the recent discovery of Mahani in the adjacent Sharjah emirate," Eni said. The Mahani find was made in January 2020 and brought into production a year later.
ItalyItalianAbu-dhabiRas-al-khaimahRas-al-khaimah-petroleum-authorityRas-al-khaimah-petroleumEniOilMajorUnited-arab-emiratesRak-gas