Page 6 - MEOG Week 17 2022

MEOG FINANCE & INVESTMENT MEOG

Jordan launches online energy platform

JORDAN JORDAN’S Ministry of Energy and Mineral who said that NPC, in collaboration with the
Resources (MEMR) last week launched two ministry, had analysed 2D and 3D seismic data
online platforms geared towards the digitalisa- for the area.
tion of applications and investments. He highlighted that the retesting would be
Minister of Energy and Mineral Resources carried out on the Sirhan 8 well, which had hit oil
Saleh Al-Kharabsheh said that the platforms when drilled by the Natural Resources Authority
would streamline the process for investors in in 1989, with the aim of increasing productivity.
mineral resources while improving e-services Al-Kharabsheh said that the NPC would carry
related to the sector. out a drilling campaign that is expected to be
The first platform pertains to the approval of concluded by the end of June.
sales tax and customs fee exemptions for renew- The minister also visited the Hamza oilfield,
able energy systems and energy consumption where he said that work is ongoing to assess the
rationalisation, speeding up the process and results of a 3D seismic survey carried out by
eliminating paperwork. three international firms to provide further data
MEMR has partnered with the Jordan Cus- on the asset’s petroleum system.
toms Department, the Jordan Standards and Al-Kharabsheh noted that the ministry had
Metrology Organisation, and the Income and been updated on production from two wells at
Sales Tax Department. Service recipients can Hamza and said that the produced oil was being
create an account for their company at exemp. transported to the 100,000 barrel per day (bpd)
memr.gov.jo. Jordan Petroleum Refinery Co. (JPRC) facility
Al-Kharabsheh added that the second at Zarqa.
platform was set up to improve investment He added that a study was ongoing for the
procedures for the mineral resources sector, identification of three targets for drilling in late
facilitating connections between would be inves- 2022 or early 2023.
tors and the relevant authorities. Meanwhile, the minister said that the MEMR
The MEMR’s director of institutional devel- was preparing technical information about other
opment Shorouk Abdelghani noted that the plat- areas which will be provided to international
form applies to investors in petroleum, oil shale, firms that have expressed interest in taking part
coal, and strategic minerals. in E&P activities in the country.
In March, the Hashemite Kingdom’s National A year ago, Al-Kharabsheh’s predecessor
Petroleum Co. (NPC) kicked off exploration Hala Zawati said that the Azraq, Sirhan, Jafr,
efforts in the eastern Jafr and Sirhan conces- West Safawi, Dead Sea, North Highlands, Sirhan
sions as part of plans announced in November Development, Petra and Rum acreages would all
last year. The exploration efforts were officially be opened up for exploration, though none are
launched during a site visit by Al-Kharabsheh, understood to have yet been apportioned.™

P6 www. NEWSBASE .com Week 17 27•April•2022