The oil and gas industry fills a large part of the global economy’s tank, and Sharjah in the UAE is a vital part of that. What makes Sharjah significant? Sharp location and plenty of natural resources. Now big oil and gas companies call Sharjah home. In this blog, we’ll take a good look at Sharjah’s oil and gas growth. We’ll peek into top operating firms and this sector’s drain or gain on the economy. We’ll map out recent upgrades and market swings, all based on the recent 2024 data.
Sharjah’s winning in this field, thanks to its spot on the map. It’s nestled by the Arabian Gulf and the Strait of Hormuz. The latter? A key waterway for oil transportation. Sharjah’s closeness to Dubai and Abu Dhabi makes it a desirable hub. It’s also an easy access-point for global markets. As of 2024, the UAE is the seventh-largest oil producer. The numbers don’t lie, with around 100 billion oil barrels in reserve. Sharjah’s playing a huge part in this. It helps support the country’s production: approximately 4.2 million barrels daily. Impressive, right? It sure is. Although Sharjah might lag behind Abu Dhabi in production, it’s a force in refining and distribution.
Sharjah’s story goes further than this. It’s gone from strength to strength, cementing itself as an oil and gas hub. Major infrastructural and technological investments are key to this. Activities cover it all: exploration, production, refining, marketing, and distribution. Sharjah’s aim? Sustainability. It’s been working to reduce environmental impacts, optimize resource use, and modernize refinements. Future-forward initiatives are in play as of 2024. These aim to de-emphasize on carbon emissions and make energy production more efficient. Despite economic diversification efforts—the rise of tourism, tech, finance—oil and gas remain pivotal. These sectors contributed 30% to the UAE’s GDP in 2023. This proves how important they are! So, that’s our look into Sharjah’s thriving oil and gas industry.
Let’s explore the top companies that dominate this sector in Sharjah.
The Sharjah National Oil Corporation (SNOC) is a key figure in Sharjah’s oil and gas industry. Founded in 2010, SNOC handles the exploring, making, and refining of gas. It has a long history and helps provide energy security. As of 2024, SNOC is producing over 500 million cubic feet of gas daily. It runs the Mahani gas field and has big gas storage.
Crescent Petroleum calls Sharjah home. It’s the oldest private oil and gas company in the area with over 50 years under its belt. It functions in several Middle East countries and is a key player in Sharjah’s energy development. Now, it produces over 300,000 barrels of oil equivalent (BOE) each day across the region and has greatly invested in the natural gas development. It has a JV called Pearl Petroleum in Iraq and is investing in cleaner energy.
Dana Gas, another company based in Sharjah, is one of the biggest private gas companies. It’s been around since 2005 and focuses on gas and oil exploration and production. Currently, it produces about 63,000 BOE daily. Dana Gas is important in Iraq, particularly in the Kurdistan region. It has a big stake in the Zora project and has invested a lot in operation growth in Egypt and Iraq.
ENOC, primarily from Dubai, has major operations in Sharjah, particularly in fuel distribution and energy services. It has many subsidiaries involved in oil and gas refining, storage, and retail distribution. The company runs more than 180 servicing stations across the UAE and its Jebel Ali refineries process over 140,000 barrels of crude oil daily. Its work in Sharjah includes a focus on green energy and carbon reduction.
Petrofac, a global company, is active in Sharjah. It offers engineering, procurement, and construction services to other gas and oil businesses. It employs over 9,000 people globally and its Sharjah EPC projects help expand the region’s energy infrastructure. It played a big part in upgrading the Sajaa gas plant and focuses on environmental care.
TotalEnergies, a global energy company, working in 130+ countries, contributes to the Sharjah oil and gas market. By 2024, TotalEnergies has invested over $3 billion in the Middle East with a focus on cleaner energy. The company is strongly involved in decreasing carbon emissions around its operations.
Al Ghaith, based in Sharjah, has been a key player for over 30 years. It offers oilfield services like drilling, equipment supply, and project management. It has grown to over 1,000 employees and serves many clients mostly in the UAE, Saudi Arabia, and Oman. It’s investing in new drilling and water treatment tech. 8. Finally, Expro Group, a UK-based oilfield services provider, operates in over 60 countries. They focus on services like well testing, subsea operations, and flow management. They are introducing new technologies for mature fields and digital solutions for the real-time monitoring of oilfield operations, leading to more efficient energy production.
Sharjah’s oil and gas industry is thriving, and these top companies continue to drive innovation, economic growth, and sustainability in the region. While major firms like SNOC, Crescent Petroleum, and Dana Gas dominate the landscape, companies such as Petrofac and TotalEnergies are making significant contributions with their advanced technologies and focus on cleaner energy solutions.
When it comes to supporting the region’s energy needs, The GET Global Group is a key player in providing comprehensive services across the energy sector. As a leader in delivering high-quality energy solutions, GET Global Group offers expertise in oil and gas logistics, supply chain management, and operational efficiency.
Also Read: Oil and Gas Companies in UAE
