Page 10 - MEOG Week 43 2022
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MEOG PROJECTS & COMPANIES MEOG
PTTEP farms-in to
ENI’s Sharjah acreage
UAE THAI NOC PTTEP this week announced that ended up lasting nine months. The companies
it had agreed a deal to farm in to Italian major eventually achieved first gas in January 2021 but
Eni’s Onshore Area A concession in the emirate have not yet disclosed production rates.
of Sharjah. Mosa said late last year that output from
The deal will see PTTEP take on a 25% stake Mahani-1 was being limited below the test flow
in the 437-square km block in the north of Shar- rate so that SNOC could collect data and delin-
jah, sharing it with the Sharjah National Oil Co. eate the reservoir.
(SNOC, 25%) and operator Eni (50%). He added that the partners intended to drill
The Thai company’s CEO Montri Raw- two more wells at the field in January 2022 and
anchaikul said: “PTTEP continues to expand an exploration well elsewhere in the Area B con-
our investment in our strategic focus area in the cession, though no further updates have been
Middle East, with this Sharjah Onshore Area A provided.
being the fifth project in UAE since the compa- “Hopefully, if we do [make] a discovery in the
ny’s first entry into UAE in 2019. The investment second prospect and we delineate Mahani better
reflects our strategic emphasis on natural gas we would continue the drilling programme after
resources and the growing partnership with Eni 2022,” he said. The CEO added: “The seismic
through which our strengths are combined to shows that [its potential] is significant. If it is as
unlock new reserves.” per the seismic, it will be very economical to pro-
Eni picked up stakes in Onshore Areas A, B duce and develop.”
and C in a 2019 licensing round held by SNOC, Eni also took a 75% operating stake in con-
discovering the Mahani field a year later in Area cession Area C, covering 1,184 square km in the
B, which is operated by SNOC and owned 50:50. south-east, with SNOC holding the remainder.
The 264-square km concession in central According to information provided at the
Sharjah contains both the existing Sajaa gas and auction’s outset, Eni will be required to drill at
condensate field and a known but unappraised least one well at Area A and acquire 600 km of
deep gas discovery. seismic at Area C during the initial exploration
Mahani was the first significant gas discov- period. The licences will run for 30 years.
ery in Sharjah since 1983, with the Mahani-1 All three blocks lie in the proven Thrust Zone
well drilled to a total depth of 14,597 feet (5,000 play and were promoted by the authorities on the
metres) and test flows running at a rate of 50mn basis that fields in the area had already yielded
cubic feet (1.42mn cubic metres) per day of gas 142bn cubic metres of reserves.
and associated condensate. A further licensing round is still understood
In March 2020, SNOC said that produc- to be in preparation for 2023, while SNOC’s
tion at Mahani would be pushed back by two name has frequently been mentioned alongside
months because of the impact of the coronavi- the expansion of the region’s nascent hydrogen
rus (COVID-19) pandemic, though this delay industry.
P10 www. NEWSBASE .com Week 43 26•October•2022
