BP to Start Jordan Gas Exploration Soon, Ministry Spokesman Says
BP Plc (BP\) will start drilling exploratory wells at the Risha natural gas deposit in Jordan, near the border with Iraq, to assess reserves in the next few weeks, an Energy Ministry spokesman said.
“If it is proven that the volume of gas in the field is feasible for commercial purposes, the development of the gas field will begin immediately,” Fayez Abu Gaoud said in a telephone interview from the capital, Amman, today.
BP will draft a detailed report on the volume of gas reserves in the field after drilling the wells, he said, without specifying when the report would be submitted. Initial BP studies show that production at Risha can reach 330 million cubic feet a day if not more, depending on the reserves discovered, Jordan’s official news agency Petra reported June 12, 2011.
London-based BP agreed in October 2009 to join Jordan’s state-owned National Petroleum Co. to explore and develop Risha, which occupies an area of about 7,000 square kilometers (2,700 square miles). The kingdom has agreed with Iraq to jointly develop the Risha field, Iraqi State Minister Ali al-Dabbagh said last March.
Jordan, which fills almost all of its energy needs through imports, hopes to attract $14 billion of investments for renewable energy, oil shale and nuclear power.
To contact the reporter on this story: Mohammad Tayseer in Amman through the Dubai newsroom at mtayseer@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
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