The Petko Resources Team have a long history of activities in Egypt and have operated onshore and offshore oil production facilities in the Gulf of Suez and the Western Desert. The geology of Egypt is very well understood after many years of operational experience by our team. Petko staff have managed and operated successful exploration in the Western Desert which was developed and reached peak production rates in excess of 30,000 barrels of oil per day.

Our people have worked in partnership with the Egyptian General Resources Corporation (EGPC) as the governments’ holder of equity in oil blocks and have historically maintained an excellent relationship with the Egyptian Ministry of Resources.

Petko’s engineers have rehabilitated mature oilfields in Egypt, while members of our sub-surface team have been able to extend field life through extensions of existing oilfields with the drilling of appraisal and exploration wells within the transition zone between onshore and offshore in the Gulf of Suez.

Our staff have over 30 years of operational experience in Yemen. Our people have an exceptional knowledge of the sub-surface petroleum geology of Yemen and an excellent understanding of the operational environment. Our network within the upstream industry in Yemen is second to none. Petko’s team members maintain a strong relationship with the Resources Exploration and Production Authority (PEPA) and an excellent relationship with the Ministry of Oil and Minerals (MOM).

Significant operational experience has been gained in acquiring any and every type of oil and gas data currently commercially utilized in the industry. Our people have drilled hundreds of wells in Yemen within both the Masila and Shabwah Basins, and have acquired thousands of kilometers of both 2D and 3D seismic data onshore and offshore of Yemen.

Petko Resources staff have been involved in the discovery, appraisal, and full field development of oilfields in both the Masila and Shabwah Basins. Our experience in Yemen includes the acquisition, processing, analysis, and interpretation of datasets, the results of which has led to the drilling of many successful exploration, appraisal, and development wells.

During the early 2000’s our staff were involved in the management of over half a dozen operated blocks concurrently in Yemen, with a large number of Joint Venture Partners that included major National Oil Companies (NOC) and large multinational private and public companies.

Our staff have contributed as an operator, and a partner, to the development of 2 oilfields, one in each of the Masila and Shabwah Basins.

Experience from operations in Yemen highlights that the key aspect of maintaining assets in-country is the Company’s relationship with the land owners who occupy our areas of operations. Community Affairs is a fundamental aspect to all operations and has been identified as being fundamental to successful, economic operations, providing the ‘license to operate’. This experience and our understanding of the culture and hierarchy of authority within tribal communities in operational areas provides Petko Resources with a significant competitive advantage over much of the larger players in the industry.

Petko staff have operated exploration assets within Western Tunisia acquiring thousands of kilometers of 2D seismic survey data, and drilling deep exploration wells.

Petko Resources has an in-depth understanding of the key hydrocarbon basins, the Ghadames Basin and the Pelagian Shelf, within Tunisia and are focused on the prolific regions within these geologic features.

Given Tunisia’s strategic location relative to Europe there has been significant effort made to acquire a portfolio of producing assets. Our people have a vast dataset and a network of in-country relationships within the upstream industry.

Petko Resources representatives’ in-country maintain an excellent relationship with staff of ETAP, the national oil company, and with the government administration.

Papua New Guinea (PNG) has been the backdrop of many years of technical experience for many of the Petko Resources Team. Large volumes of geologic data has been reviewed and analysed during the long careers of our staff. Successful operations have been planned, managed, and executed over the years. The Highlands of PNG have provided many challenges for data acquisition and drilling, all of which have seen the involvement of some of our team and successful delivery of projects.

Operations which have been planned, with technical input, and managed by some of our staff include; Seismic acquisition & interpretation, exploration & development drilling, gravity & magnetic data acquisition and interpretation, GORE-SORBER sampling and interpretation.

PNG exploration has always required a unique technical strength, namely a world-class understanding of the principals of structural geology. This is an area of strength retained by Petko Resources. In addition, the operational environment has presented significant challenges as a consequence of remote operations with limited access due to a lack of infrastructure, ultimately requiring heavy use of helicopters for most operations.

The remoteness of the PNG Highlands has required a strong understanding of local tribal customs and hence a very solid relationship with the local community. This is especially critical given “PNG has 832 living languages (languages, not dialects)” as stated by Prime Minister Sir Michael Somare in 2006, making it the most linguistically diverse place on earth. Central government services and control is also often limited in these remote locations – Understanding and working with our local community, our hosts, is a specific area of expertise Petko Resources is proud to declare.

Petko Resources’s expertise comes from staff that have previously worked assets onshore Continental USA and offshore in the Gulf of Mexico. Our staff have been well trained with a depth of experience given the oil and gas industry in the US is the oldest in the world and still the US is currently one of the largest oil and gas producing nations in the world.

Much of the technology used in the upstream industry including many new ideas and concepts have been, and are still being, developed in the US where most of Petko’s executive management team have received their training and early experience. Petko’s team not only have expertise in conventional oil and gas, we also have worked with tertiary recovery projects, including enhanced oil recovery projects using CO2 in Wyoming, USA.

The maturity of the US industry has focused Petko Resources’s strategy to seek assets containing conventional oil & gas reserves in the Middle East and North Africa where US developed technology and ideas can be applied to the local geology. Petko Resources aims to apply new ideas and technology to increase production rates and reserves from existing fields and newly discovered fields, ultimately providing superior returns on investment.