The Concession & Work to Date

On the 23rd of February 2008, the Ruler of Sharjah and its dependencies, His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi and Crescent Petroleum signed a concession agreement to explore the Sharjah block covering approximately 12 of acreage south and east of the condensate fields. The location of the exploration block is shown below in yellow.

Immediately following the award of the Concession, Crescent Petroleum contracted  WesternGeco to acquire new 2D seismic data.  The acquisition of the seismic data was completed in late 2008 where the local topography presented a significant challenges as shown in the following figure.

The processing of the data was completed by WesternGeco in early 2009 and initially several leads were identified with significant potential recoverable volumes in line with the existing onshore gas condensate field sizes of the Northern Emirates.

This is a highly prospective block which is surrounded by mature, producing fields as shown in the following figure.

ONSHORE SHARJAH CONCESSION AREA