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.
Concession is operated by a consortium of Royal Resources (80%), Oversees Oil Services (16%), Ghareb Oil Fields (4%).
Royal Resources is the concession operator.
are 993BCF gas as well as 302 MB oil & 25 MB condensate in the concession block area of 241 km2
estimated to start at 13 kB/D reaching 20 kB/D by year 7
estimated to start at 155 Bbtu/day reaching 240 Bbtu/day by year 7