UK-based oil and gas explorer, Pharos Energy has received approval from the government to extend the license of TGT and CNV fields by five years in Vietnam, allowing operations to continue into the early 2030s.
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).
Pharos Energy plc has announced that it produced 1,381 barrels per day (bbl/d) of oil during 2023, according to results submitted to the London Stock Exchange.
Pharos Energy signed the Third Amendment to the El Fayum Concession Agreement with Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla and Egyptian General Petroleum Corporation (EGPC).
Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new agreements with TransGlobe and Pharos Energy to search for, develop and produce petroleum in several regions in the Eastern and Western D ...
Pharos started operations on the first well of the three-well program. The drilling of the first well was conducted using the ECDC-2 Drilling Rig, with expectations to last for 24 days.
Pharos's President and CEO Ed Story announced that the signing of the Egyptian farm-out and The Infill Development Programme in Vietnam indicate that the medium-term outlook for the Company is a return to free cas ...
Pharos Energy plc encountered oil at Batran-1X exploration well in the Abu Roash Lower “G” (LARG) and the Upper Bahariya (UB) reservoirs in Egypt, according to Pharos Energy’s press release.
Pharos Energy production from El Fayum averaged 4,010 barrels of oil per day (bbl/d) starting January 1 to April 30.
Pharos Energy and the Egyptian General Petroleum Corporation (EGPC) have agreed to amend the terms of El Fayoum Concession in the Western Desert, which will raise Pharos's cost recovery petroleum percentage from 3 ...
