Egypt
Regal is a partner and has a 25% interest in the East Ras Budran concession on the western coast of Sinai in the Gulf of Suez. The concession is located close to a number of large oil fields and there is available ullage in local processing and export facilities.
The concession was originally held by Regal 100%, however, in 2006 Apache Khalda Corporation LDC entered a joint venture with Regal to carry out an intensive programme of seismic and drilling on the concession. A 3D seismic program has been undertaken and three exploration wells have been drilled. The ERB-A-1X well tested positively for oil in September 2007 and was tied in as a producing well in June 2008.
