By OGJ editors
HOUSTON, Sept. 28 -- Sonoran Energy Inc., London, has finalized the terms of a production-sharing agreement (PSA) with Jordan's state Natural Resources Authority for the exploration and development of the 11,250 sq km Azraq Block east of Amman.
The PSA, yet to be ratified by the Jordanian parliament, is the first to be signed by the country in 8 years.
Sonoran will assume operation of the existing producing wells in Hamza oil field, which lies in the eastern part of the block bordering Saudi Arabia and contains the northern extension of Azraq-Sirhan Graben, which is mature for oil generation (OGJ Online, Dec. 10, 2004).
Sonoran's mapping of reprocessed 2D seismic data has revealed additional structures and potential new plays on the block.
Sonoran intends to begin an aggressive evaluation program focusing on both exploration and the potential for boosting production from existing wells and facilities. The program will entail acquiring 3D seismic data, drilling two exploration wells, and conducting a number of technical studies.
