Royal Resources is the first 100% Egyptian company in the Oil and Gas sector. Royal Resources was created as a Joint Venture between a consortium of Egyptian companies and earned the Sea Bird concession rights. The Joint Venture built on the managerial and financial success of the group and the technical success of Arab Experts Co. led by one of the prominent former ministers of petroleum. It is a regional resources business, involved in every aspect of upstream oil and gas. The plan is to evolve the portfolio to include mining as well. We strive to be a top regional player in the field of resources. Our mission is to provide the market with intelligent, competitive, and sustainable investment opportunities in the Oil and Gas sector. Our future plans are to gain the rights for more concessions and add to the portfolio, as well as entering the mining sector, particularly gold.
We have been awarded one of the most important concessions in the new era called “SeaBird". The offshore concession represents the gateway to the hidden treasures of the Red Sea. The upstream segment is responsible for our activities in oil and natural gas exploration, field development, and production. It is located in the southern part of the Gulf of Suez. The block is 241 km2 and has nearly 300 Million Barrels and nearly 1 TCF Gas in Place with 7 tested wells.
Oil production is estimated to start at 13 kB/D reaching 20 kB/D by year 7 Gas production is estimated to start at 155 Bbtu/day reaching 240 Bbtu/day by year 7