Sonoran Energy has completed a comprehensive technical study of Jordan's Azraq block and determined that it could contain reserves of up to 30 million barrels of oil. Executives said the Azraq block, an area of 11,250 square kilometers, could comprise the largest oil find in the Hashemite kingdom.
Sonoran Energy president Peter Rosenthal, whose company has a 60 percent production share in Azraq, said other areas of Jordan could also contain significant oil reserves, Middle East Newsline reported. He said the company plans to assume operations of oil fields and enhance production. "Not only do we believe the Azraq block contains oil reserves upwards of 30 million barrels, we believe there is an opportunity for the discovery of new structures that could add significantly to the resource potential," Rosenthal said. |