Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to provide an update on its activities in Egypt and Vietnam.
We have high quality oil production operations and development assets and exploration blocks in Egypt, building our scale and creating significant opportunities. We continue to work with local teams to generate value and evolve the assets into a viable production and development business.
The El Fayum concession is located in the low-cost and highly prolific Western Desert, about 80km south west of Cairo and close to local energy infrastructure.
Pharos is pleased to announce that it has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Conce...
On 6 March 2020, Pharos Energy plc ("Pharos") confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt NV’s (an affiliate of Royal Dutc...
Established and valuable assets, with production at two fields and further potential for growth from two additional exploration blocks.