Zubara authorized to drill offshore Sharjah

Offshore staff

KUALA LUMPUR, Malaysia – Sharjah’s government has extended Lime Petroleum subsidiary Zubara Petroleum’s concession agreement for the Sharjah Offshore block in the UAE.

Zubara, which owns 100% of the block, expects to issue a well management services contract by July, paving the way for drilling of an exploration well by 3Q 2015.

Additionally, the company expects to complete an environmental impact assessment and a site survey by next January.

This will be Lime’s second drilling program in the Middle East following its offshore Oman block 50 campaign, which finished in March.

Dr. Kenneth Pereira, managing director of Lime’s parent company Hibiscus Petroleum, said: “We have completed all the necessary geological studies and are excited about the prospects. Prior to the start of the drilling campaign, Lime expects to lower its equity interests in the well…and several parties have shown some interest.”


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...