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.


Our people

  • Extensive industry experience
  • Technical expertise
  • Commercial acumen
  • Relationship-driven

Our assets

  • Mix of complementary assets
  • Mature, short payback in Vietnam
  • Low-cost onshore drilling in Egypt

Our capital

  • 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.

Value outputs

Growth opportunities

  • Existing discovered resources
  • New blocks in Egypt and Israel
  • Conventional and unconventional + exploration potential
Further reading


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.

Value outputs


  • Net Asset Value (NAV) growth and share price
  • Dividend payments
  • Local capability
  • In-country economic contribution and social investment
  • Employment and training
Further reading

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.

Value outputs

Growth production metrics

  • Responsible and safe operations
  • Low cost per barrel
  • Development of discovered Egyptian resources
  • Continued development of Vietnam assets
Further reading