About the Group
An independent energy group built over two decades.
Goura Oil Limited is an independent energy group established in 2004 and incorporated in the British Virgin Islands, with operational headquarters in Egypt.
The Group is engaged in upstream oil and gas exploration and production, asset evaluation, energy investments, and strategic risk management, with a primary focus on Egypt and the wider MENA region. Over more than two decades, Goura has developed experience across the energy value chain through international crude oil trading, exploration and production ventures, concession evaluations, and energy investment activities.
Today, the Group's principal upstream activity is centered on the Wadi Dib Concession Area in the Gulf of Suez, operated by Phoenix Geo Services, an affiliated exploration and production company within the Goura Group. The Group's development reflects a progressive evolution from international trading activities to upstream participation and, ultimately, to operated exploration and production opportunities in Egypt.
Over more than twenty years, Goura has steadily expanded its capabilities across the energy value chain through disciplined investment, technical evaluation, and strategic partnerships. Rather than pursuing rapid growth, the Group has followed a measured approach — building expertise in international crude oil trading, commercial advisory, asset evaluation, exploration opportunity development, and upstream oil and gas operations.
This progressive evolution has enabled Goura to transition from commercial energy activities to direct participation in exploration and production projects, culminating in its current focus on the Wadi Dib Concession Area in the Gulf of Suez. Throughout this journey, the Group has remained committed to rigorous technical assessment, prudent capital allocation, and responsible long-term value creation.
Today, Goura combines commercial insight, technical capability, and regional experience to identify, evaluate, and develop energy opportunities across Egypt and the wider MENA region, reflecting the disciplined approach that has defined the Group since its establishment in 2004.
Our Foundations
What sets Goura apart
Commercial Discipline
Every opportunity is evaluated through rigorous commercial, technical, operational, financial, and strategic analysis before investment decisions are made, ensuring disciplined capital allocation and long-term value creation.
Technical Expertise
The Group combines commercial experience with technical knowledge across exploration, field evaluation, reservoir assessment, and upstream project development, enabling informed investment and operational decisions.
Entrepreneurial Leadership
As a founder-led organisation, Goura benefits from agile decision-making, long-term strategic thinking, and close alignment between commercial objectives and operational priorities.
Strategic Relationships
Over more than two decades, Goura has established relationships across the international energy sector, including national oil companies, government authorities, trading organisations, technical partners, and financial institutions. These relationships continue to support participation in upstream opportunities and regional business development.
Responsible Growth
Goura believes sustainable growth is achieved through prudent investment, responsible operations, technical excellence, environmental stewardship where applicable, and strong corporate governance.
1997 – 2026
Corporate timeline
International crude oil trading activities commence through Delta Services S.A., an affiliated company based in Geneva.
Delta Services S.A. participates in international crude oil lifting transactions under the United Nations Oil-for-Food Programme.
Alexoil Ltd established in the British Virgin Islands.
Goura Oil Limited is established and commences participation in upstream concession activities in Egypt. Alexoil S.A. enters participation and bidding agreements covering the South Zeit Bay (Gulf of Suez) and West Sitra (Western Desert) exploration areas.
Goura enters participation and bidding agreements with Burren Energy Plc covering three Egyptian exploration areas: East Kanayis Block, North Lagia Concession, and North Hurghada Offshore Area.
Alexoil Ltd (BVI) enters the Northwest October offshore block in participation with AOC.
Completion of the South Zeit Bay concession exploration programme.
North Hurghada Offshore Area relinquished by the Goura–Burren partnership.
Successful strategic assignment of interests in the Northwest October Area following commercial development.
Phoenix Geo Services established in Egypt.
Gourez Oil Ltd established as the Group's wholly-owned Egyptian affiliate.
Phoenix Geo Services enters the Wadi Dib Concession Agreement with ENPEDCO and is appointed operator; exploration activities commence in the Gulf of Suez.
Our History
Institutional network
National Oil Companies & Government Authorities
- EGPC (Egypt)
- GANOPE (Egypt)
- ENPEDCO (Egypt)
- SOMO (Iraq)
- SOCAR (Azerbaijan)
- Ministry of Energy and Mining (Sudan)
- PETROM (Romania)
- CEPSA (Spain)
International Energy & Trading Organisations
Through commercial trading, investment activities, and upstream participation, the Group has established relationships with energy companies, trading organisations, and government institutions across Europe, the Middle East, and Asia.
Financial Institutions
The Group has maintained banking and financial relationships with international institutions supporting cross-border energy transactions, trade finance, project financing, and investment activities.