The first Company in Egypt to be 100% Egyptian working capital in exploration of Oil and Gas. Royal Resources “RR"was created as a Joint Venture between a consortium of Egyptian companies and was awarded the Sea Bird concession rights. The Joint Venture built on the management and financial success of Pharco Pharmaceuticals Co. & Prime Group whom are the major shareholder of RR and the technical success of Arab Experts Co. Led by one of the prominent former minister of petroleum. We are a regional resources business, involved in every aspect of upstream oil and gas, and plan to evolve our portfolio into mining as well. We strive to be a top regional player in the field of resources.
What we do
We have been awarded one of the best concession in the new era “Sea Bird" the offshore concession representing the gate way to the hidden treasures of the read sea. The upstream segment is responsible for our activities in oil and natural gas exploration, ﬁeld development and production. Our mission is to provide to the market intelligent, competitive and sustainable investment opportunities in the Oil and Gas sector.
Our Major Projects
Our main project is Sea Bird Concession in the south of Gulf of Seuiz and consider the gate way to the Gulf of Seuiz and the gateway of the hidden treasures of the Red Sea. The block is 241 km2 and has Oil in Place near to 300 Million Barrels and near to 1 TCF Gas in Place with 7 tested wells has been done before with very positive results and high ranked API.
Our future plans are to have more concessions and increase the portfolio as well as going for the mining sector in Gold sector.
Royal Resources is the concession operator
Concession is operated by a consortium of
High proven reserves
- Estimated reserves are 993BCF gas as well as 302 MB oil & 25 MB condensate in the concession block area of 241 km2
- Oil production estimated to start at 13 kB/D reaching 20 kB/D by year 7
- Gas production estimated to start at 155 Bbtu/day reaching 240 Bbtu/day by year 7