Nov 05 2009 |
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Trowers & Hamlins advises NPC of Jordan on major concession agreement for exploration and development of its gas resources
5 November 2009Production could reach several hundred million cubic feet per day
BP , which has substantial expertise in managing tight gas fields around the world, is seeking to bring its advanced technology and deep expertise to the Risha development. The Risha field, which consists of a complex "tight gas" geological structure, produces approximately 20 million cubic feet a day of gas at current output. BP has significant expertise in managing tight gas fields around the world, in North America, North Africa and the Middle East. It is hoped that if BP 's exploration program identifies commercially producible gas reserves, production could reach several hundred million cubic feet per day.
Trowers and Hamlins provided legal advice to the NPC to develop a project agreement that enabled BP to successfully conclude a farm into the Risha project, whilst maintaining the integrity of NPC 's existing concession.
Martin Amison, Partner and Head of International for Trowers & Hamlins , said: "We have been working in Jordan for many years and are delighted to have worked on this very significant project, which is key to Jordan's Energy Master Plan."
We are particularly pleased to have acted as legal advisor to NPC on these agreements as they have the potential to make an enormous contribution to Jordan's continuing economic development by tapping into a previously unexploited resource.
Eng. Qutaiba Abu Qorah, the Director General of the National Petroleum Company , added, " BP is an ideal partner for the development of the Risha concession. BP has committed to investing a significant amount of capital on the exploration of gas resources in northeast Jordan. This project has important implications for Jordan's national energy policy. If BP 's exploration program proves to be successful, the gas produced will help to reduce Jordan's reliance on imported energy."
Trowers & Hamlins worked in partnership with CRA International (CRA) on this project. CRA are a worldwide leader in providing management, economic, and financial consulting services. CRA and Trowers & Hamlins have previously on several other successful assignments in Jordan.
The two firms recently assisted the Jordanian government in negotiating a significant oil shale concession with Shell and are currently advising on a series of smaller oil shale concessions. They also worked together on the Jordan Gas Transmission Pipeline project and the related long-term purchase of Egyptian gas; the development of Jordan's Energy Master Plan; restructuring of the Natural Resources Authority; and early stage development of Jordan's wind energy projects.
Trowers & Hamlins was led by Martin Amison, Partner and Head of International.
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Notes to editors
Trowers & Hamlins is an international and City law firm with 117 partners and over 700 staff. They have five offices in the Middle East (Abu Dhabi, Bahrain, Dubai, Cairo and Oman) as well as formal association and/or co-operation agreements with firms in Saudi Arabia, Syria and Jordan.
Trowers & Hamlins were appointed to advise the Government of Jordan ahead of a number of leading international law firms in a competitive tendering process.
Trowers & Hamlins has one of the pre-eminent legal practices in Jordan and has acted on a number of major projects in the Kingdom.
For more information, please contact:
Martin Amison
Partner, Head of International
Trowers & Hamlins (London)
Tel: +44 (0)20 7423 8000
Alexander Lynch
Regional BD Manager (Middle East)
Trowers & Hamlins (Dubai)
Tel: +971 (0)4 3519201
Nick Mattison
Mattison Public Relations
Tel: +44 (0)20 7645 3636
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