Pharos Energy | Egypt Oil & Gas
Pharos Energy to Extend Operations at Two Vietnam Oil, Gas Fields to 2031/32
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. The Te...
Pharos Energy to Double Production to 6,000 bbl/d within Two Years
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...
Pharos Energy’s Oil Production from Egypt Reaches 1,381 bbl/d in 2023
Pharos Energy plc has announced that it produced 1,381 barrels per day (bbl/d) of oil in Egypt during 2023, according to results submitted to the London Stock Exchange. This comes as three wells were put on production...
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), the company anno...
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 explore, develope and produce petroleum in several regions in the Eastern and Western Desert, w... Pharos Energy Returns to Drilling in Fayoum Concession
Pharos Energy Company announced that it has returned to drilling in the Fayoum Concession. The company started its drilling with an “interim three-wells development program”. Pharos started operations on the first wel... 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 ...
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 statement. Ed Story, President and ...
