Our group was founded in Jeddah, Saudi Arabia. Delta Energy Resources inherits the solid reputation of Delta Oil Company (Delta), a first mover in Azerbaijan. On 20 September, 1994, Delta and ten other foreign oil companies signed what became known as the “Contract of the Century”.
Delta’s interest in AIOC was sold in 1998 to Hess Corporation and focused since on Northern Africa.
In 1999, Delta became the anchor shareholder of Canadian junior Centurion Energy Corp. Centurion grew its production from 3,000 barrels of oil equivalent per day (BOE/d) to 40,000 BOE/d following a successful development strategy in Egypt.