El Fayum
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.
Acreage
1,820
km²
Oil fields
10
Working interest
100%
Consisting of 10 oil fields, the El Fayum concession expands our operations by doubling our production, with the potential to increase production levels to a target in excess of 15,000 bopd (net) by 2023, from its discovered 2P reserves and 2C resources.
The El Fayum concession also provides Pharos with nearly 1,564km2 of exploration acreage, of which approximately 70% is covered by existing 3D seismic, with multiple, identified exploration prospects in proven petroleum systems, as well as a large under-explored area in the north of the concession.
