(Source: Business Wire)

CRA
International (NASDAQ: CRAI), a worldwide leader in providing management,
economic, and financial consulting services, today announced that
the Company advised the National Petroleum Company of Jordan in the
structuring and negotiation of an agreement that will allow BP plc to
explore and potentially develop gas resources in the Risha concession in
northeast Jordan. The project agreement, signed in Amman on October 25,
2009, will be submitted to the Jordanian Parliament, and subject to its
approval, passed into law.
The Risha field currently produces approximately 21 million cubic feet a
day of gas. The reservoir's complex "tight gas" geological structure
poses development and production challenges that will likely result in
extraction costs being far higher than a conventional gas project. BP,
which has substantial expertise in managing tight gas fields around the
world, is seeking to bring its advanced technology and considerable
expertise to the Risha development. If BP's exploration program
identifies commercially producible gas reserves, production could
potentially reach several hundred million cubic feet per day.
CRA provided commercial advice to the National Petroleum Company (NPC)
to develop a project agreement that enabled BP to successfully conclude
a farm into the Risha project whilst maintaining the integrity of NPC's
existing concession.
Jim Burrows, President and Chief Executive Officer of CRA, said, "CRA's
role in support of Jordan's National Petroleum Company for negotiation
of BP's farm into the Risha development is a testament to our expertise
in natural resource projects. As evidenced by our lengthy track record,
corporations and governments regularly turn to CRA for valuable counsel
on the development and exploration of natural resources throughout the
Middle East."
Eng. Qutaiba Abu Qorah, the Director General of the National Petroleum
Company, added, "BP is an ideal partner for the development of the Risha
concession. BP has committed to investing a significant amount of
capital on the exploration of gas resources in northeast Jordan. This
project has important implications for Jordan's national energy policy.
If BP's exploration program proves to be successful, the gas produced
will help to reduce Jordan's reliance on imported energy."
CRA worked in partnership with Trowers
& Hamlins on this project. Trowers & Hamlins, an international
law firm with offices throughout the United Kingdom and the Middle East,
served as legal advisor to NPC. Trowers & Hamlins and CRA have
previously collaborated on several other successful assignments in
Jordan.