Jordans Ministry of Energy and Mineral Resources has signed an MoU with Canada-based Global Oil Shale Holdings (GOSH) to assess the kingdoms shale oil reserves
Under the exploration agreement, GOSH will conduct a feasibility study of a shale oil project that could produce 50,000 bpd of oil from shale over 220 sq km in the Attarat Um Ghudran and Isphere Al Mahatta areas of central and southern Jordan, minister of energy and mineral resources Alaa Batayneh was quoted as saying by Petra.
GOSH intends to start drilling wells within three months and conduct environmental studies for as long as two years, according to the report.
After completing the MoU over a two-year period the Canadian firm will look on signing a more permanent agreement with the government on producing shale oil within the two areas.
Jordan claims to holds the world’s fourth-largest reserves of shale oil.
