BP’s Risha exit means Jordan faces tough task in meeting energy needs

BP's decision to abandon Jordan after it found no technical basis for a gas project at the eastern Risha field leaves the country with limited options to meet its soaring domestic demand, industry sources say.

Jordan, with few energy sources of its own, had hoped Risha could help cut its dependence on neighbors to fuel its power sector and industries; it had previously said Risha could produce ~330M cf/day of gas by 2015 vs. the current 20M.

But after spending nearly $240M and drilling two exploration wells, BP said the results were too poor to continue.

Jordan now may be forced into a politically sensitive deal to buy gas from Israel’s Tamar and Leviathan fields.

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