The government, acting through the Sharjah Petroleum Council, holds a 60% participating interest in the Sharjah gas and associated liquids concession.

BP currently holds the remaining 40% interest and is the operator of all Sharjah Concession petroleum operations, together with the Sajaa gas processing plant and associated storage, pipelines, condensate export terminal and Shalco LPG facilities.

The concession will expire in November 2013, and the Sharjah government and BP are working together on assuring a smooth transition of the BP-operated facilities to the government.

Petrofac has been awarded the duty holder contract to provide a full range of facilities management services to the government, including reservoir management, drilling and well services, plant operations, and engineering and project management.

By the end of 2010, the company will assume control of the operations while the government will become the concession operator.