$15,000,000
Egypt El Fayum
Pharos Energy is farming out 30% WI on the El Fayum block containing 10 producing fields with gross 2020 production at 5,270bopd. Work programme consists of development work to increase production to 15,000bopd by 2023. Farm-out expected to cover the work programme in full.
Details
Asset Name
: El Fayum
Ref
: AF-EGY-EF
Continent
: Africa
Country
: Egypt
Location
: Onshore
Project Phase
: Production
Latitude
: 30.8336
Longitude
: 29.7168
Operator
: Pharos Energy
Farmout company
: Pharos Energy
Work Programmes
: Development, Production, Other
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
FarmoutAngel confidence
: Medium
Consideration Sought
: $15,000,000