Jordan Signs Deal to Explore Oil Shales

Global Oil Shale Holdings (GOSH) has signed a Memorandum of Understanding (MOU) with Jordan to explore and develop two oil shale blocks; Attarat Umm Ghudran and Isfir Al Mahatta in the central and southern regions of the country.

Jordan is poised to be the 'First to Market' for shale oil production with surface and near surface resources estimated at well over 100 billion barrels of shale oil. Initial core samples and geologic assessments indicate that both of GOSH’s MOU blocks have significant shale oil potential, GOSH said in a statement.

The company plans to explore, develop, and produce shale oil from the two blocks.  The initial target is to produce 8,000 barrels of shale oil per day with the ultimate target of 50,000 barrels per day.  GOSH plans to commence the drilling program for both blocks immediately. GOSH is also working with the Natural Resources Authority (NRA) to market and promote Jordan’s oil shale.