National Petroleum Company plans major expansion in Risha Gas Field

A undated photo of the risha Gas fieldRisha field
(File photo: Jordan News)
AMMAN — The General Manager of the National Petroleum Company, Mr. Mohammad Al-Khasawneh, stated that the company plans to drill eight new wells in the Risha gas field as part of its development strategy, aiming to raise the total number of drilled wells to 55.اضافة اعلان

He also mentioned the company's goal of increasing the field's production to 50 million cubic feet per day this year, up from the current 18 to 20 million cubic feet per day, Al-Ghad reported.

The company's long-term plan for the years 2020 to 2030 is to boost the field's production capacity to 200 million cubic feet per day by 2030. This plan involves drilling 55 to 70 new wells during this period and conducting geological and geophysical studies to pinpoint drilling locations and gas reserve estimates in the field.

Additionally, Khasawneh stated that the company is progressing with the construction of gas conversion stations to compress the gas for sale to the private sector. The first phase of the project is completed, awaiting licenses from relevant authorities to commence marketing to industries in central regions of the Kingdom.

In the past year, the company inked agreements with four local companies (National Chlorine Industry Company, Jordan Liquefied Gas Company, Manaseer Group, and Unigaz for Natural Gas Sales) to convert gas into compressed or liquefied form and transport it via dedicated tankers to consumption points.

The company had earlier estimated that the quantities supplied to these three companies by the end of 2024 would be approximately 20 million cubic feet per day, in addition to 18 million cubic feet per day sold to Samra Electric Power Generating Company - Risha Station.

According to previous statements by the Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, the compressed gas project aims to enhance natural gas usage in industries, especially since the Risha gas field's capacity surpasses the needs of the Risha power station for electricity generation. Surplus quantities will be utilized in this project, and compressed gas technology is expected to yield up to 50% savings for industries compared to diesel prices.

The Ministry of Energy and Mineral Resources has set the selling price of natural gas from the Risha field to the private sector this month using compressed gas technology at JD7.744 dinars million British thermal units, compared to JD7.740 per million British thermal units last month.

As for the selling price of natural gas produced from the field, it has been set at JD2.224 per million British thermal units, down from JD2.990 last month.

The selling price of liquefied gas from the field remains unchanged at around JD11.394 per million British thermal units. It's important to note that the Risha gas price is determined and adjusted monthly by the Ministry of Energy and Mineral Resources.

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