Authority launches bid round for Jafr Block
The Natural Resources Authority (NRA) has launched an international bid round for the exploration of the Jafr Block, the final and largest block to be offered in a licensing round. Companies have until 22 October to submit their proposals.
Under the production sharing agreement, the exploration period should not exceed six years. The length of a subsequent development lease will be 25 years, starting from the date of a commercial oil discovery or from the first delivery of gas.
Located in the south of the country, the Jafr block covers an area of 19,350 square kilometres. About 5,000 kilometres of 2D seismic work was carried out under a previous concession held by the US' Hunt Oil Company. Two exploration wells were also drilled.
The NRA has now also invited proposals for the contract for consultancy services on its own reorganisation.
As part of an ongoing restructuring programme, the NRA will create several new bodies, including the Jordan Geological Survey, the Mining & Petroleum Regulation Commission and technical and ancillary services. The ancillary bodies will then undergo a commercialisation or privatisation process.
An international consultant will develop legal and fiscal regulations for the creation of the new bodies, create job descriptions and provide training and advice on the privatisation of the non-core businesses.
The deadline for submitting bids is 2 August.
The UK's Chris Morgan Associates previously carried out a review of the legislative framework covering the NRA, the organisation's aims and its structure (MEED 19:11:04).
The Natural Resources Authority (NRA) has launched an international bid round for the exploration of the Jafr Block, the final and largest block to be offered in a licensing round. Companies have until 22 October to submit their proposals.
Under the production sharing agreement, the exploration period should not exceed six years. The length of a subsequent development lease will be 25 years, starting from the date of a commercial oil discovery or from the first delivery of gas. Located in the south of the country, the Jafr block covers an area of 19,350 square kilometres. About 5,000 kilometres of 2D seismic work was carried out under a previous concession held by the US' Hunt Oil Company. Two exploration wells were also drilled. The NRA has now also invited proposals for the contract for consultancy services on its own reorganisation. As part of an ongoing restructuring programme, the NRA will create several new bodies, including the Jordan Geological Survey, the Mining & Petroleum Regulation Commission and technical and ancillary services. The ancillary bodies will then undergo a commercialisation or privatisation process. An international consultant will develop legal and fiscal regulations for the creation of the new bodies, create job descriptions and provide training and advice on the privatisation of the non-core businesses. The deadline for submitting bids is 2 August. The UK's Chris Morgan Associates previously carried out a review of the legislative framework covering the NRA, the organisation's aims and its structure (MEED 19:11:04).This content is only available to full MEED package subscribers (MEED magazine and MEED.com).
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