The US’ Anadarko Petroleum, which signed a memorandum of understanding with the ministry in 2006 for the field, is understood to still be in contention, along with several other oil majors including Norway’s StatoilHydro.
The field is located in a concession held by the local National Petroleum Company (NPC), near the Iraqi border.
It produces about 20 million cubic feet a day (cf/d) of gas, but the ministry is planning to boost production more than tenfold to 250 million cf/d by 2015.
In early 2006, the US’ Improved Petroleum Recovery Group of Companies presented its final results on an integrated study of the Risha field to NPC and the Natural Resources Authority, the government body charged with the exploration and production of mineral resources in the kingdom (MEED 18:8:06).
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