Pharos Energy Plc (SOCLF)

Overview

Pharos Energy plc is a notable entity in the oil and gas sector, focusing on the exploration, development, and production of oil and gas properties. Originally known as SOCO International plc, the company underwent a rebranding to Pharos Energy plc in October 2019. With a foundation year of 1997 and its headquarters located in London, the United Kingdom, Pharos Energy has established a significant presence in the industry. The company showcases a diversified portfolio of assets spread across strategic locations, including offshore southern and central Vietnam and the Western Desert of Egypt, as well as holding interests in licenses located in Israel. This geographical diversification plays a crucial role in Pharos Energy's operations, ensuring a wide-reaching impact within the global energy sector.

Products and Services

• Exploration and Production in Vietnam

  Pharos Energy holds significant interests in several key locations offshore Vietnam, notably a 30.5% working interest in the Te Giac Trang Field of Block 16-1 and a 25% working interest in the Ca Ngu Vang field of Block 9-2, both located in the shallow water Cuu Long Basin. Additionally, it possesses a 70% interest in Blocks 125 & 126 situated in the Phu Khanh Basin. These stakes in the Vietnamese energy sector underscore the company's commitment to exploring and producing valuable hydrocarbon resources, contributing to the energy supply in the region.

• Onshore Operations in Egypt

  In the Western Desert of Egypt, Pharos Energy commands a 100% working interest in the onshore El Fayum concession. This project highlights the company’s operational capabilities in managing complex onshore fields and its contribution to Egypt's oil production landscape. Through the application of innovative extraction techniques and efficient reservoir management, Pharos Energy seeks to maximize the potential of this concession.

• Interests in Israel

  The company also holds a 33.33% working interest in eight licenses located in Israel, expanding its operational footprint to the Eastern Mediterranean region. This engagement not only diversifies Pharos Energy's asset portfolio but also integrates the company into the broader narrative of energy development in this geopolitically significant area. With these interests, Pharos Energy participates in exploring and developing potential hydrocarbon reserves, contributing to the regional energy mix.