Middle East Economic Survey

VOL. LIV

No 24

13-Jun-2011

UAE

Sharjah Awards Eastern Exploration License To Rex Oil And Gas

The Government of Sharjah has awarded an exploration license to Monaco-based independent Rex Oil and Gas for the Eastern offshore concession, Emirates News Agency (WAM) reported on 6 June. The 23-year concession covers the offshore areas of Khorfakkan and Kalba. According to the agreement, Rex Oil and Gas will conduct geological studies, carry out 3-D seismic surveys, and...