waterflood program

  • EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

    EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

    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%.