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Ship of world s largest container shipping company docks at Cai Lan port | Business
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Offshore drilling corporation to supply self-elevating rig to Thang Long JOC
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PVEP fulfils state budget contribution goal | Business | Vietnam+ (VietnamPlus)
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Pharos Energy announces trading and operations update
13 Jan 2021
Pharos Energy, an oil and gas exploration and production company, has issued the following trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2020. This is in advance of the Company’s Preliminary results. The information contained herein has not been audited and may be subject to further review and amendment.
Summary
Egypt production 5,270 bopd
Vietnam production 6,103 boepd net
Egypt 2P reserves expected to be upgraded by approx.40%
TGT drilling programme start date brought forward from Q4 to Q3 2021
Two year field licence extensions for TGT and CNV formally granted by the Ministry of Industry and Trade in Vietnam