Ammon News - The National Petroleum Company NPC said that it is conducting a complete study of the gas reserves of Risha field, which is being implemented through international expert houses.

In its annual financial report, which Ammon reviewed, the NPC reveled that the final report of this study, which includes calculating gas reserves of various classifications, will be submitted in the middle of the first quarter of 2024.

It is noteworthy that according to the results of internal studies conducted by the company on an ongoing basis in 2007, reserve estimates at a minimum amount of 443 billion cubic feet.

The NPC said that it is in the process of concluding several gas sale and purchase agreements with companies to purchase quantities of gas ranging incrementally during the year 2024 from 4 to 20 million cubic feet per day.

Among the companies that were contracted were the Jordanian Liquefied Gas Company, the East Jordanian Company for Liquefied Natural Gas and Energy Development, and the Modern Jordanian Company for Oil and Fuel Services, the company stated in its report.

The company also added that it is working to market future quantities of gas by attracting petrochemical and energy-intensive industries.

The NPC signed a gas sale and purchase agreement with the National Electric Power Company (NEPCO), a public shareholding company, to supply the company’s gas produced through the operator, Samra Electric Power Company (SEPCO), with a maximum quantity of 18.5 million British thermal units per day, which can be increased up to 120% of the agreed upon quantity with the approval of both parties.

It is noteworthy that the NPC’s production and supply to the Central Electricity Generating Company (CEGCO) were stopped, so that the company’s gas production continued for 65 days, which negatively affected gas sales revenues for the year 2022, as a result of the government’s decision to transfer ownership of gas units from the CEGCO to the SEPCO.