The concession, which spread across an area of more than 1000km², is owned and operated by Dana Gas. The firm will also manage the field and the gas sales as well as purchase agreements.
The gas produced from the field is being transported to Dana Gas-built onshore gas processing facility located in Hamriyah Free zone in Sharjah, via a subsea pipeline.
Dana Gas will sell the gas produced at the field in the domestic market for power generation.
Dana Gas CEO Dr Patrick Allman-Ward said: "The project represents a considerable investment by Dana Gas and the resulting gas output will support clean, domestic power generation for Sharjah for years to come."
"Despite a very tough business environment, Dana Gas is entering into a new and exciting phase of its development.
"Our exploration and development activities in the UAE and in Egypt will provide a short to medium term boost to our overall production levels and thereby help to offset the decrease in revenue and profits resulting from the current low oil price environment."
In March 2008, Dana Gas had signed a 25-year concession agreement with the Sharjah Government for the Shrajah Western Offshore block, which includes the Zora field.
Dana Gas, which is also operating and producing in Egypt and Kurdistan, said that the latest project development is a part of its plan to diversify its asset portfolio.
