Pharos Energy | Egypt Oil & Gas

Pharos Energy Signs Third Amendment to El Fayum Concession

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).

Egypt Signs Two E&P Agreements with $506 M in Investments

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 Energy Returns to Drilling in Fayoum Concession

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 Interim Results Signal Return to Free Cash Flow

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 Encounters Oil at Batran-1X

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 Produces 4,010 bbl/d from El Fayum Concession

Pharos Energy production from El Fayum averaged 4,010 barrels of oil per day (bbl/d) starting January 1 to April 30.

EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

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 ...

Pharos Production Mounts to 5,979 bbl/d in Egypt

Pharos Energy’s Egypt production has amounted to 5,979 barrels of oil per day (bbl/d) in H1 2020.

Pharos Energy Dismisses Shell’s Egyptian Assets Acquisition

Pharos Energy company announced that its board decided to withdraw from the consortium that is evaluating the opportunity of acquiring Shell’s Western Desert Assets.

Apache, Pharos Energy Offer Buying Shell’s Onshore Assets

Apache Corporation and London-listed Pharos Energy are among the bidders interested in buying Shell’s onshore assets in Egypt.

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