We aim to build a business focused on generating sustainable returns. We look to grow Pharos through responsible management of its current portfolio and the careful selection of new opportunities, particularly those with near term low cost onshore development and, where appropriate, exploration assets with transformative potential within Asia and MENA.
Our strategic growth opportunities include: discovered resources, development and exploration organic potential, and M&A. We have a continued commitment to operating a sustainable business. Our business strategy incorporates Environmental, Social and Governance and is considered in all our growth opportunities.
- Extensive industry experience
- Technical expertise
- Commercial acumen
- Mix of complementary assets
- Mature, short payback in Vietnam
- Low-cost onshore drilling in Egypt
- Low operating cost
- Financial prudence
- Modest gearing target
- Strict allocation process
We assess opportunities which offer a superior risk-weighted return. Our experienced management team identify established high margin, low-risk producing assets enabling geographical asset diversification and increase in exploration acreage growth leading to value growth.
Our investment programme will continue to be allocated over our asset base in a disciplined manner to deliver sustainable returns for our stakeholders. We maintain a culture of prudent financial management, capital allocation, and capital returns.
Develop & Produce
Our production increases through development of existing discovered resources. Maximising margins through optimising production and low operating costs. Responsible operations, operating safely at all times.
Growth production metrics
- Responsible and safe operations
- Low cost per barrel
- Development of discovered Egyptian resources
- Continued development of Vietnam assets