Kharabsheh stresses the importance of expanding oil and gas exploration :: Nabataeans

Kharabsheh stresses the importance of expanding oil and gas exploration :: Nabataeans
Kharabsheh stresses the importance of expanding oil and gas exploration :: Nabataeans
  • Publication date: Saturday – pm 04:02 | 2021-10-16

Nabataeans – Today, Saturday, Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, stressed the importance of expanding oil and gas exploration throughout the Kingdom and accelerating work to enhance the productivity of the Risha gas field, which currently produces about 20 million cubic feet per day.
This came during a visit to the National Petroleum Company today, during which he met Chairman of the Board of Directors Laith Al-Qassem and the General Manager of the company, Eng. Muhammad Al-Khasawneh, and directors of the directorates, and listened to a briefing about the reality of production in the Risha gas field and the company’s plan to increase production and market the production of the field that is used to generate electricity at the Risha plant.
The minister stressed the importance of continuing to work on increasing production from the Risha field and investing time to expand production to supplement the national economy with an added value by providing a local energy source at cheap prices that enhance the competitiveness of the national industry by benefiting from the database and the national information store about the Risha gas field.
He said that the production capacity of the Risha gas field, which ranges between 30 and 32 million cubic feet, and the production expansion projects can be benefited from by providing the industry with an appropriate cost-effective energy through the development of an electric transmission line (Eastern Green Corridor) to transport the quantities of gas produced from the Risha gas field to places of consumption. (Industry centers) at an appropriate cost.
Kharabsheh referred to the government’s support for the company to speed up work and increase production by digging more wells to enhance local energy sources and increase its contribution to the overall energy mix. In the field of oil exploration, the minister stressed the importance of expanding oil exploration in new exploration sites throughout the Kingdom, expressing the government’s readiness to support the company’s efforts to achieve more exploration.
For his part, Al-Qasim stressed the importance of the existing cooperation between the government and the company for the success of the national petroleum efforts and the expansion of production in the Risha field, depending on national competencies and self-financing, noting that the company is continuing to expand oil and gas exploration in various parts of the Kingdom.
In turn, Al-Khasawneh presented the company’s achievements and work plan for the Risha gas field, which produces 20 million cubic feet of gas per day, 80 percent of which are from the new 8 wells that were drilled during the past three years, while the field’s current production capacity is from 30-32 million cubic feet per day. .
He said that the company’s plan aims to increase the production capacities of the field in order to transport gas to the center of the Kingdom and increase reliance on the local product in raising the contribution of local energy sources to the total energy mix and reducing dependence on external sources at competitive prices that reduce costs on the industrial sector through a production and marketing plan It aims to supply the industrial sector with natural gas.
Al-Khasawneh presented the available investment opportunities and industries that can be established by relying on gas as a means of production in a way that reduces production costs.
The company was established in 1995, and the government’s contribution (Government Investment Management Company) represents 99.9% of the company’s capital of 15 million dinars, and it works in the field of oil and gas exploration in various parts of the Kingdom.

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