Africa's Oil, Gas and Energy News.
Operational Highlights Jann Brown, Chief Executive Officer, commented:“In Egypt, the first exploration well on the North Beni Suef Concession was declared a commercial success and is expected to start production … Read More
2021 Operational Highlights Total Group working interest 2021 production 8,878 boepd net (2020: 11,373 boepd), in line with production guidance: Egypt production 3,318 bopd (2020: 5,270 bopd) In Egypt: Return … Read More
The African Energy Chamber’s Q1 2022 Outlook, the State of African Energy, details regulations implemented in Nigeria and Egypt that are fast tracking sectoral growth. With the energy transition pressuring … Read More
Pharos Energy has announced that the Third Amendment to the El Fayum Concession Agreement has been signed by His Excellency Eng. Tarek El Molla (Minister of Petroleum & Mineral Resources … Read More
Pharos Energy has announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme. Ed Story, President and Chief Executive Officer, … Read More
Pharos Energy has announced Egyptian Cabinet approval of the Third Amendment of its El Fayum Concession Agreement. The approved terms, already announced on 30 March 2021, include both an increase … Read More
Pharos Energy has announced the signing of a farm-out to the El Fayum and North Beni Suef Concession to IPR. The proposed transaction will result in IPR taking over 55% … Read More
Despite the global COVID-19 pandemic, Pharos continues to manage its operations carefully with the Group adhering to the procedures and restrictions put in place by its host countries, with negligible … Read More
