Jordan to award two blocks for oil and gas exploration

oil-jordanJordan is offering two blocks in its northeastern region for oil and gas exploration, according to Ministry of Energy and Mineral Resources

The Ministry said that companies can submit bids for tenders to explore the Sarhan and Azraq blocks in Mafraq Governorate, 80km northeast of Amman.

The deadline for interested firms to submit bids is 20 October 2014.

Exploration is likely to be based on the model of production sharing agreements between the government and the bidding companies.

Jordan, which imports about 96 per cent of its energy needs annually, terminated a production sharing agreement in mid-2013 with Sonoran Energy to explore for oil in Azraq block as the Indian company reportedly did not commit to the agreement.

In an interview with The Jordan Times, energy minister Mohammad Hamed said that the National Petroleum Company will continue to explore for gas in Al Risha field after BP stopped its oil drilling operation in Jordan early this year.

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