Jordan Launches Bid Round

Jordan’s nascent upstream sector hopes for a shot in the arm as a bid round advances. After BP quit earlier this year, major interest would be a surprise.

Jordan’s Ministry of Energy and Mineral Resources is set to close a bid round for three separate license areas – the Azraq block, Sirhan block and the Discovery Development Area (DDA) – on 20 October.

The blocks on offer have come under previous unsuccessful production sharing agreements and memoranda of understanding. Shell signed a nine-month Memorandum of Understanding in 2012 with Jordan’s Natural Resources Authority (NRA) to survey the Azraq and Sirhan blocks. Three firms took unsuccessful stabs at Sirhan prior to Shell, while one other firm fell short at Azraq. (CONTINUED - 718 WORDS)