EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

• Wednesday, 31st March 2021
• by Editorial Team

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...

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

• Sunday, 12th July 2020
• by Editorial Team

Pharos Energy’s Egypt production has amounted to 5,979 barrels of oil per day (bbl/d) in H1 2020, according to a statement. Accordingly, the company managed to align the production of El Fayum Concession with the Egyp...

Pharos Energy Dismisses Shell’s Egyptian Assets Acquisition

• Tuesday, 21st April 2020
• by Fatma Ahmed

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, a statement issued by the company reported. The com...

Apache, Pharos Energy Offer Buying Shell’s Onshore Assets

• Thursday, 27th February 2020
• by Fatma Ahmed

Apache Corporation and London-listed Pharos Energy are among the bidders interested in buying Shell’s onshore assets in Egypt, according to two anonymous sources familiar with the matter, Reuters reported. The sources...