El Fayum

Men working in the background with pipe in front

E&P

Pharos cuts breakeven at El Fayum

30/03/2021

By Ed Reed

Pharos Energy has secured improved fiscal terms on its El Fayum concession, in Egypt’s Western Desert.

Pharos Energy has secured a better deal in Egypt at El Fayum, while also cutting costs, and is now seeking a partner for a farm out.

E&P

Pharos cuts better deal in Egypt, seeks farm out

13/01/2021

By Ed Reed

Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.

A silhouetted pump jack with trees on the horizon

Africa

Pharos warns of Egyptian decline

09/07/2020

By Ed Reed

Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.

Africa

Pharos puts dividend on hold, pulls production guidance

11/03/2020

By Ed Reed

Pharos Energy has set out plans to spend around $45 million in 2020 but has suspended production guidance from Egypt in response to the oil price pressures.

Africa

Pharos pushes Egyptian work after slow start

08/01/2020

By Ed Reed

Pharos Energy’s Egyptian assets have increased production slower than expected but should overtake the company’s Vietnamese volumes this year.