Wednesday, 31st March 2021
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 30% to 40%.
Sunday, 12th July 2020
Pharos Energy’s Egypt production has amounted to 5,979 barrels of oil per day (bbl/d) in H1 2020.
Tuesday, 21st April 2020
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.
Thursday, 27th February 2020
Apache Corporation and London-listed Pharos Energy are among the bidders interested in buying Shell’s onshore assets in Egypt.