SNOC awards Eni three onshore exploration concessions
Sharjah National Oil Corporation (SNOC) awarded Italy’s Eni concessions in three areas, Eni said in a statement on Sunday. Concession Area A and C cover respectively an area of 437 square kilometers (169 square miles) and 1,184 square kilometers. Eni will act as operator with 75% participating interest, with SNOC as partner with a 25% stake, the company’s statement said. Concession Area B covers an area of 264 square kilometers. SNOC will act as operator with 50% participating interest, with Eni holding a 50% stake.
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