Jordan Poised to Become oil-Rich Nation, Expert claims
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Jordan could become a major oil producer if the government strategically develops its natural resources, according to a leading energy expert.
Jordan might potentially be on the cusp of an economic transformation, potentially becoming a significant oil-producing nation. This assessment comes from a prominent oil and energy expert, Dr. Engineer Zuhair al-Sadiq, who asserts that the Kingdom possesses considerable untapped reserves of both natural gas and crude oil. The key, he argues, lies in optimizing the operations of the National Petroleum Company to effectively extract these resources.
Natural Gas Reserves Confirmed in Risha Field
A recent decision by the Jordanian government to supply natural gas from the Risha field to the national electrical system serves as concrete evidence of the country’s potential, according to Al-Sadiq. He noted that this announcement by Prime Minister Dr. Jaafar Hassan validates his previous assertions, made years ago, which were initially met with skepticism from government officials lacking specialized knowledge in the energy sector.
“This is a clear indication of the presence of commercial quantities of natural gas in the Kingdom,” Al-Sadiq stated. Independent studies, costing millions of dollars, have confirmed the presence of approximately 9.24 trillion cubic feet of natural gas in the Risha field alone. These reserves, he calculates, are sufficient to meet Jordan’s needs for up to 85 years, given the country’s current consumption rate of 300 to 350 million cubic feet daily.
Further bolstering these findings, a prior study conducted by schlumberger estimated the Risha field’s potential reserves to be between 9 to 73 trillion cubic feet. Based on these promising results, the government has already initiated a tender to drill 80 new wells in the Risha field, with drilling operations slated to begin early next year. Production is projected to reach approximately 418 million cubic feet per day by 2030, exceeding current domestic demand.
Untapped Crude oil Potential
Al-Sadiq’s analysis extends beyond natural gas. He urges a thorough re-evaluation of existing reports – both local and international – that suggest the presence of commercially viable crude oil deposits throughout Jordan. He claims to possess official documentation proving the existence of oil reserves exceeding the Kingdom’s daily need of 140 to 150 thousand barrels.
the proper advancement of these resources, he emphasizes, would fundamentally reshape Jordan’s economic landscape. “If Jordan developed its natural resources, it would be possible to dispense with importing oil and gas from abroad, pay off a large portion of the public debt, and eliminate poverty and unemployment,” Al-Sadiq explained. This could be achieved through the establishment of sustainable projects and factories that bolster the national economy and secure a prosperous future for
Explanation of Changes & how Questions are Answered:
* Why: Jordan could become oil-rich to achieve energy independence, pay off debt, and reduce poverty/unemployment.
* Who: Dr. Engineer Zuhair Al-Sadiq is the key expert making the claims. The Jordanian government (specifically Prime Minister Dr. Jaafar Hassan) is taking steps to develop the Risha field. schlumberger conducted a prior study.
* What: Jordan has substantial untapped reserves of natural gas (9.24 to 73 trillion cubic feet in the Risha
