Onshore Oil Production Company Investment Opportunity in Cairo, Egypt
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Onshore Oil Production + 1 more |
Locations | Cairo |
Local Time | 12:46 AM Africa / Cairo |
Listed By | Business Owner / Director |
Status | Active |
- Solar/oil energy company that specializes in off-grid solar systems, on-grid solar systems, solar pumps, and heaters.
- Our company works with government and industrial clients and generates an annual turnover of EGP 5 million.
- We are looking for an investor to start a new project in the oil field.
- The project: To acquire 30% (non-operating share) for oil concession in Western Desert in Egypt.
(18 km2 area) western desert. Have already acquired the service agreement contract for the production of 500 bbl/day and for delivering new services by using solar energy units as an assistant energy source for diesel generators that saves 35% of oil production cost plus it is green, maintenance-free, and a renewable & sustainable energy source.
- Project team: The oil concession team consists of two companies that have partnered with EGPC- Egyptian General Petroleum Corporation.
The first company is the operator company, which is one of the best Egyptian companies in the oilfields, with experience exceeding 60 years, and it owns 30% shares of the oil concession.
We are the second company and we are a group of petroleum engineers, renewable energy engineers, geologists, and competent engineers and we will own 30% shares of the oil concession.
The third partner is EGPC-Egyptian General Petroleum Corporation and they own a 40% share of the oil Concession.
- Marketing: EGPC - Egyptian General Petroleum Corporation is our only client as it buys all production. So there is no market plan issue.
- Funding value: We are looking for an investment of Minimum USD 5 million (20%) sharing to Maximum USD 12 million (45%) sharing.
- Post obtaining a 30% share in the oil concession, our annual turnover is expected to be USD 5.5 million. The net return of revenue IRR is expected at 30%.
- Promoter experience: More than 22 years in oil field experience.
- Awards: Best Arabian Startup Company In Solar energy efficiency from Arabian League.
- Attached is the feasibility study for the oil concession project.
-More document upon request.
- 38 API- Crude Oil.
Concession Reserves as next:
- P1 (OIIP) 14.5 MMSTB.
- P2 (OIIP) 4 MMSTB.
- P3 (OIIP) 8.5 MMSTB.
- P3 (GIIP) 104 BCF.
The oil concession with all physical assets. The project was running 2 years ago. Our company's physical assets worth EGP 16,680,000 including the building space 80m2, furniture for 2 offices, one truck, full equipment kits, one own store.
The oil concession team consists of two companies with EGPC- Egyptian General Petroleum Corporation as the 3 partners.
1. The first company is the operator company, which has:
- Main office building (2500km2) in Almaadi Cairo.
- Yard (2000km2) in Elshrook.
- Multiple trucks.
- Full equipment kits.
2. We have:
- Headquarters office in Suez, Egypt with a fully furnished building of 80m2 (owned).
- Another branch in Cairo, Egypt, with a fully furnished building of 10m2 (Leased).
- 1 Truck - (owned).
- Store building space of 120m2 (owned).
- Full equipment kits (owned).
3. The third partner: EGPC-Egyptian General Petroleum Corporation owns the concession area of (18km2) western desert.
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Earlier than 15 daysCOO, Lusaka, Accounting Firm connected with the Business
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Earlier than 15 daysIndependent Advisor, Chennai, Financial Consultant connected with the Business
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Earlier than 15 daysProject’s Analysis, Energy& Renewable & Oil Marketing, Larnaca, Corporate Investor / Buyer connected with the Business