The concession agreement that Royal Dutch Shell has signed with Jordan to develop the country’s oil shale reserves has been welcomed by a senior official from within the Anglo-Dutch company.Â
“We are very pleased to have signed this Concession Agreement, which is fully in line with our corporate strategy. Developing domestic oil shale resources is a key element of Jordan’s energy master plan,” Malcolm Brinded, executive director of exploration & production for Shell said.
Brinded, who is also a member of the Royal Dutch Shell board spoke highly of Jordan and said that Shell were looking forward to starting work on the project.
“Jordan also offers an attractive investment climate and we look forward to starting the Assessment period after the parliament’s approval,” Brinded said.
The US$540 million agreement involves Shell carrying out an extensive exploratory and assessment phase before beginning a commercial operation that could yield an estimated 40 billion tonnes of oil shale deposits.
The deal was signed by senior enrgy officials from both Shell and Jordan at the World Economic Forum currently being held in the county.
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