Jordan aiming to increase Risha field Gas field production by 566%
- Jordan is increasing production from the Risha field by 566% to meet the demands and be more self-sufficient within the energy sector.
- Jordan is building two plants one in the north and the other in the south side of Jordan to receive and process gas.
- National Petroleum Company (NPC) has the right to explore and produce oil in the kingdom.
Jordan is investing in increasing the output of the Risha field to increase its Gas production by 566%.
As a plan to improve and expand the local energy field, Jordan is investing in and developing the Risha field in northwest Jordan.
The plan is to increase the production of the field from 849,505 cubic meters per day to 5,663,369 cubic meters per day said the chairman of the Energy and Minerals Regulatory Commission, Ziad Al-Saaydi.
He also informed businesses at Irbid Chamber of Commerce and Industry in north Jordan that the project is a must to ensure Jordan’s self-sufficiency in local energy consumption and to meet the annually increasing demand in the industrial sector of the country.
Ziad Al-Saaydi also revealed that Jordan is building two plants in the northern and southern parts of Jordan to receive and process gas.
Risha Field is owned by National Petroleum, which is an oil and gas company that offers assets and services such as management, production, drilling, operations and the development of oil and gas assets.
They also carry out production within the kingdom and abroad, yet the headquarters for the company is stationed in Amman, Jordan.
Risha Field was discovered in 1986 by the Natural Resources Authority which continued exploration until 1995 until its transfer to the National Petroleum Company.
The Risha Concession Agreement was signed in 1996 and is valid for 50 years, with the possibility of extension. Under this agreement, the National Petroleum Company (NPC) has been granted the right to explore and produce oil within the concession area, as well as undertake any related operations.
This includes the exploration and development of oil and natural gas, production, marketing, and transportation of gas and oil extracted within the Kingdom.