Officials from Pharos Energy Company stated that they are looking forward to double production from its concession areas in Egypt from 3,000 barrels per day (bbl/d) to 6,000 (bbl/d).

This came during a meeting between the Minister of Petroleum and Mineral Resources Karim Badawi, the company’s CEO Katherine Roe, and Chief Operating Executive Mohamed Sayed in attendance of other officials.

The company’s officials affirmed their keenness in developing the operations in Egypt and targeting deeper layers to explore new petroleum reservoirs.

During the meeting, Badawi reviewed the exploratory drilling program of the company, which it implemented in its concession areas in Egypt, and achieved positive results.

He stressed the importance of intensifying the operations of the company to effectively contribute to utilizing the reserves and the necessity of managing the petroleum reservoirs in an optimum way to ensure the efficiency of operations and production.

The minister also highlighted the importance of targeting deeper layers to open new horizons for petroleum explorations.