Pharos, together with Cairn Energy plc and Israel's Ratio Oil Exploration, have eight licences offshore Israel. Each party has an equal working interest and Cairn is the operator.

8
licences
33.33'%
Working interest
Israel 1440X810 Operations (1)
Map source: United Nations

On 28 October 2019, Pharos, together with Cairn Energy PLC and Israel’s Ratio Oil Exploration signed eight offshore licences that were awarded during the second offshore bid round in Israel. Each party has an equal working interest and Cairn is the designated operator. 

During 2020, as part of the minimum work commitment, a contract for seismic processing was awarded and seismic processing is ongoing. The project aims to improve the imaging of existing seismic in order to identify and mature any prospectivity. This asset offers low-cost option for potential material gas and provides geographical as well as hydrocarbon diversification.

Other operations

Sahara desert between the Nile river and the Red Sea - Egypt

Egypt

High quality oil production operations and development assets and exploration blocks, building our scale and creating significant opportunities.

Shutterstock 372867400 Resize

Vietnam

Established and valuable assets, with production at two fields and further potential for growth from two additional exploration blocks.