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Article: CRA International Advises Jordan on Major Concession Agreement for Exploration and Development of its Gas Resources.
- Article from:
- Energy Weekly News
- Article date:
- November 20, 2009
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CRA International (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, announced that the Company advised the National Petroleum Company of Jordan in the structuring and negotiation of an agreement that will allow BP plc to explore and potentially develop gas resources in the Risha concession in northeast Jordan. The project agreement, signed in Amman on October 25, 2009, will be submitted to the Jordanian Parliament, and subject to its approval, passed into law.
The Risha field currently produces approximately 21 million cubic feet a day of gas. The reservoir's complex "tight gas" geological structure poses ...