WTI Crude •5 hours	38.97	+1.56	+4.17%
Brent Crude •5 hours	42.30	+2.31	+5.78%
Natural Gas •5 hours	1.800	-0.022	-1.21%
Mars US •5 hours	40.40	+2.04	+5.32%
Opec Basket •2 days	34.84	-0.62	-1.75%
Urals •22 hours	38.80	-0.10	-0.26%
Louisiana Light •2 days	38.87	+0.14	+0.36%

	Louisiana Light • 2 days	38.87	+0.14	+0.36%
	Bonny Light • 22 hours	41.17	+2.90	+7.58%
	Mexican Basket • 2 days	32.61	-0.03	-0.09%
	Natural Gas • 5 hours	1.800	-0.022	-1.21%
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Marine •22 hours	40.77	+1.57	+4.01%
Murban •22 hours	41.01	+1.87	+4.78%
Iran Heavy •22 hours	37.40	+2.76	+7.97%
Basra Light •22 hours	44.51	+2.71	+6.48%
Saharan Blend •22 hours	41.68	+2.96	+7.64%
Bonny Light •22 hours	41.17	+2.90	+7.58%

	Bonny Light • 22 hours	41.17	+2.90	+7.58%
	Girassol • 22 hours	43.04	+3.16	+7.92%
	Opec Basket • 2 days	34.84	-0.62	-1.75%
OPEC Members Monthly
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Canadian Crude Index •3 hours	28.41	+0.00	+0.00%
Western Canadian Select •21 hours	33.91	+0.12	+0.36%
Canadian Condensate •21 hours	36.41	+0.12	+0.33%
Premium Synthetic •21 hours	37.81	+0.12	+0.32%
Sweet Crude •21 hours	37.41	+0.12	+0.32%
Peace Sour •21 hours	32.41	+0.12	+0.37%

	Peace Sour • 21 hours	32.41	+0.12	+0.37%
	Light Sour Blend • 21 hours	32.91	+0.12	+0.37%
	Syncrude Sweet Premium • 21 hours	37.41	+0.12	+0.32%
	Central Alberta • 21 hours	32.41	+0.12	+0.37%
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Louisiana Light •2 days	38.87	+0.14	+0.36%
Domestic Swt. @ Cushing •22 hours	36.00	+2.00	+5.88%
Giddings •22 hours	29.75	+2.00	+7.21%
ANS West Coast •3 days	39.70	-0.02	-0.05%
West Texas Sour •22 hours	33.50	+2.14	+6.82%
Eagle Ford •22 hours	37.45	+2.14	+6.06%

	Eagle Ford • 22 hours	37.45	+2.14	+6.06%
	Oklahoma Sweet • 22 hours	36.00	+2.00	+5.88%
	Kansas Common • 2 days	27.75	+0.25	+0.91%
	Buena Vista • 2 days	40.99	+0.12	+0.29%
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BP Start Drilling in Jordan's Risha Natural Gas Field

By Joao Peixe - Jun 19, 2012, 5:00 PM CDT

In 2009 BP was given up to four years to explore and evaluate the Risha natural gas field in eastern Jordan, near the border with Iraq, which covers an area of 7000 square kilometres. The study was expected to cost about $237 million and Jordan officials hope that it will lead to the discovery of extensive recoverable gas reserves which will help the country reduce its dependence on oil imports.

In order to achieve this goal of reducing national oil imports, the Risha field will need to produce about 330 million cubic feet of natural gas a day by 2015, up from the current low output of 18 million cubic feet.

BP announced that their exploration was “very successful” and that the seismic survey “was one of the largest ever acquired in the Middle East and one of the safest and highest-productivity surveys acquired in BP history.”

BP are now ready to enter the second stage of development and start drilling, with the first well having already started last week, is and expected to take three to four months to complete.

By. Joao Peixe of Oilprice.com

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