Olje og Energi

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25.11.2018 kl 15:41 1747

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We hope to begin negotiations with the Kingdom of Jordan for a concession agreement by year-end.”

Commenting on its oil shale project in Jordan, he added, “We have started the next phase of engineering. In addition to the long-life reserves with no real decline rate relative to shale oil and conventional production in North America, this project also benefits from upgrading and premium pricing to Brent. Following the results from the feasibility study by Hatch, we are looking at optimizing capital costs to improve returns for this multibillion-barrel deposit. We hope to begin negotiations with the Kingdom of Jordan for a concession agreement by year-end.”

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