Egypt draw huge annual revenues from its export profits. There are of course other natural resources as well. These include iron ore, phosphate, limestone, manganese, talc, zinc, asbestos and gypsum. However, the analysis of the Egyptian natural resources would remain incomplete without the consideration of those resources, which had been bringing prosperity to the land of Egypt in the ancient times of Pharoic domination. The Oil and Natural Gas of Egypt The newly discovered oilfields in the Mediterranean seabed have opened up fresh opportunities for reviving the country's oil export business. The 3.7 million barrel reserve that Egypt previously possessed, now have more than doubled the reserve figures. The markets of Turkey and Israel are the chief targets of Egypt. The natural resources of Egypt are mainly concentrated on the oil and gas in Egypt. North Africa, in recent times, has been rediscovered for new oil field and the nations of Libya and Egypt are the owners of these oil fields. The oil reserves in Egypt, previously amounted to 3.7 million barrels, which has increased to 8.2 million barrels. The export program of Egypt still has to make large improvements in order to catch up with the standard of the European market. Libya, Algeria and Tunisia are the biggest players in the oil export industry of North Africa. They are associated with France and Italy for export. In this scenario, Egypt has made an indeed diplomatic move by marketing its oil and gas reserves to Israel and Turkey. The export trade has been successful largely due to the efforts of the President of Egypt, Hosni Mubarak, who approved the execution of export in Egyptian natural gas reserves. The oil reserves are discovered concentrated in the Mediterranean coast occupied by Egypt. The new findings are expected to double up the production of oil and gas in Egypt. The report has been confirmed by three international oil companies and formally reported by Sameh Fahmi, the oil minister of Egypt. Study of rock structure in the ocean basin, properties of rocks such as magnetism, occurrence of earthquakes. Marine geophysical technologies are used extensively for non-intrusive subsurface investigation and exploration. Global Remote Sensing provides the full range of marine geophysical survey services for the assessment of underwater environments. Global Remote Sensing personnel are experienced in data collection and analysis of marine survey data from an array of hydroacoustic systems such as sidescan sonar, subbottom profilers and specialized acoustic seabed classification systems. Studies cover a wide spectrum of subjects such as mapping submerged aquatic vegetation to sediment characterization for dredging projects We provide geophysical interpretation services and specialize in geoacoustic analysis of acoustic reflection data for the quantitative assessment of in situ sediment conditions. Digital substrate classification data is incorporated directly into mapping/monitoring databases via GIS to enhance the interpretive process. Services include: Sidescan sonar and bathymetric mapping Subbottom Profiling Magnetometer, Ground Probing Radar Seabed classification Seafloor habitat mapping and monitoring Acoustic Sediment Assessment (ASA) surveys<link to Geotechnical Services> Delineation of subsurface stratigraphy, assessment of lithology Sediment distribution mapping (vertical and horizontal) Forensic Expertise (Images: Preparation for geophysical survey. Interpretation of Sub-bottom geology.) The present-day Gulf of Suez Basin was initiated during the Oligocene as a result of relative motion between the Arabian, Nubian, and Sinai plates. At that time, pre-Miocene sediments were broken into fault blocks that were rotated and then inundated by the organically rich "globigerina" marls and shales of the Lower Miocene. These Lower Miocene sediments served as the primary source of the oil and gas found in the Gulf of Suez Basin, while the rotated pre- Miocene blocks formed structural focal points for the accumulation of the hydrocarbons generated. Subsequent deposition of-the thick and widespread Middle Miocene evaporites ensured that all the generated hydrocarbons were sealed in the basin in reservoirs ranging in age from Miocene to Devonian. The most prolific and prospective oil province in Egypt is the Gulf of Suez Basin. Its productive history can be traced back to ancient times with oil being recovered from seepages at Gebel el Zeit and Gemsa by the Pharaohs. To date, 3.5 to 4.0 billion bbl of recoverable oil have been discovered in 24 oil fields within the basin. In spite of its long history of production and exploration, it is only in recent years with improved seismic and renewed exploratory drilling that the petroleum geology of: the basin has been fully understood. The Gulf of Suez Basin encompasses and, in General, parallels the coastline of the Gulf of Suez (Fig. 1). The basin extends, in an east-west direction, from the Sinai Shield on the east to the Esh EI Mellaha Shield, in the Eastern Desert on the west. The average distance between these shield masses is 54 miles. In a north-south direction, the basin's northern limit lies just north of Suez City and extends to the south to Hurghada, a distance-of approximately 210 miles. The Gulf of Suez has formed primarily as a result of tensional movements, and ensuing subsidence, which to a minor degree occurred as early as Paleozoic times. Since these times, the formation of the Gulf of Suez has taken place in a number of distinct evolutionary stages (Fig. 2). The presence of Devonian or older sandstones and Carboniferous black shales in numerous wells is evidence that a depression approximately coinciding with the Gulf of Suez existed at least as early as Carboniferous times. However, the thicknesses of these Paleozoic rocks are relatively minor compared with those of the main Paleozoic basin in the western and southwestern regions of Egypt. This comparison leads to the hypothesis that the Paleozoic rocks in the Gulf of Suez region were formed in an embayment that extended from the Mediterranean area southward to Hurghada at the mouth of the Red Sea.8,12,16 A hiatus caused by the Hercynian epeirogeny precluded sedimentation in the Gulf for a considerable time following the Paleozoic deposition. This is noticeable particularly further south, where commonly Upper Cretaceous deposits (Cenomanian) rest uncomfortably upon Lower Carboniferous black shales.