{"id":15468,"date":"2026-01-06T10:23:17","date_gmt":"2026-01-06T10:23:17","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15468"},"modified":"2026-01-06T10:23:19","modified_gmt":"2026-01-06T10:23:19","slug":"egypt-pharos-energy-gets-receivable-payment-from-egpc","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-gets-receivable-payment-from-egpc\/","title":{"rendered":"EGYPT: Pharos Energy Gets Receivable Payment from EGPC"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Pharos Energy announces that it has received today $20 million from the Egyptian General Petroleum Corporation (EGPC) against its outstanding receivable balance in Egypt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Katherine Roe, Chief Executive Officer, commented:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cWe are pleased to announce that we have received a $20 million payment from EGPC, reducing our outstanding receivable balance to $7.4m, inclusive of estimated revenues to December 2025. This is our lowest receivable balance since December 2021. This very welcome progress towards recovery of our receivables, together with the improved fiscal terms from our consolidated Concession Agreement approved by EGPC in September, will allow us to benefit from the attractive investment framework across our Egyptian assets and further unlock long-term value for all stakeholders.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>\u201cI would like to thank EGPC and the Egyptian authorities for their positive engagement and continued support. We look forward to starting our drilling campaign in cooperation with our partner IPR and to increasing production from our assets, in line with the target of the Egyptian Ministry of Petroleum &amp; Mineral Resources.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pharos Energy announces that it has received today $20 million from the Egyptian General Petroleum Corporation (EGPC) against its outstanding receivable balance in Egypt. Katherine Roe, Chief Executive Officer, commented: &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-gets-receivable-payment-from-egpc\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[8259,709,12273,8305],"class_list":["post-15468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-egpc","tag-egypt","tag-ipr","tag-pharos-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1332%2C734&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-41u","jetpack-related-posts":[{"id":15256,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-receives-approval-from-egpc-for-a-new-consolidated-concession-agreement\/","url_meta":{"origin":15468,"position":0},"title":"EGYPT: Pharos Energy Receives Approval from EGPC for a new consolidated Concession Agreement","author":"","date":"September 24, 2025","format":false,"excerpt":"Pharos Energy has announced that it has received approval from the Executive Board of the Egyptian General Petroleum Corporation (EGPC) for the consolidation of the El Fayum and North Beni Suef Concession Agreements into a new consolidated concession agreement. Pharos will retain a 45% working interest in the Consolidated Concession,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1200%2C661&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1200%2C661&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1200%2C661&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1200%2C661&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/01\/Egypt-Pharos-Energy.png?fit=1200%2C661&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10135,"url":"https:\/\/www.oilnewskenya.com\/index.php\/pharos-energy-receives-concession-agreement-amendment-el-fayum-area-western-deser\/","url_meta":{"origin":15468,"position":1},"title":"Pharos Energy Receives Concession Agreement Amendment El Fayum area, Western Deser","author":"","date":"March 30, 2021","format":false,"excerpt":"Pharos is pleased to announce that it has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, which is now subject to the approval of the Egyptian Government. Under the new terms, the Cost Recovery\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8964,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-h1-operational-update\/","url_meta":{"origin":15468,"position":2},"title":"Egypt: Pharos Energy H1 Operational Update","author":"","date":"August 26, 2020","format":false,"excerpt":"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 disruption to business in the period. Operational Summary Egypt 1H 2020 production 5,979 bopd (2 April - 30 June 2019:\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pharos-Enegy.jpg?fit=861%2C584&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pharos-Enegy.jpg?fit=861%2C584&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pharos-Enegy.jpg?fit=861%2C584&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pharos-Enegy.jpg?fit=861%2C584&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14176,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-receives-default-notice-relating-to-the-abu-sennan-concession\/","url_meta":{"origin":15468,"position":3},"title":"EGYPT: United Oil &#038; Gas\u00a0Receives Default  Notice \u00a0Relating to the Abu Sennan concession\u00a0","author":"","date":"January 23, 2024","format":false,"excerpt":"United Oil & Gas announces that it has received a default notice from\u00a0Kuwait Energy Egypt Limited\u00a0for a total of USD\u00a0$3,822,143\u00a0for outstanding cash calls in relation to the Abu Sennan concession. Pursuant to the joint operating agreement (JOA) relating to the Abu Sennan concession, the Company has 30 days to remedy\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9683,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-provides-operational-update\/","url_meta":{"origin":15468,"position":4},"title":"EGYPT: Pharos Energy Provides Operational Update","author":"","date":"January 14, 2021","format":false,"excerpt":"El Fayum Production Production for 2020 from the El Fayum Concession averaged 5,270 bopd. This is in line with the Egypt 2020 production guidance given on 12 May 2020 of 5,000-6,000 bopd. El Fayum Development and Operations Prior to the COVID-19 pandemic and the oil price shock, three drilling rigs\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15121,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-egpc-awards-seven-new-exploration-and-production-blocks\/","url_meta":{"origin":15468,"position":5},"title":"EGYPT: EGPC Awards Seven New Exploration and Production Blocks","author":"","date":"June 24, 2025","format":false,"excerpt":"As part of the Ministry of Petroleum and Mineral Resources - Egypt ' plan and strategy to attract new investments in exploration and production, and to support current efforts to increase production, the evaluation of submitted offers for seven new exploration and production blocks affiliated to the Egyptian General Petroleum\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/Egypt.jpeg?fit=1200%2C847&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/Egypt.jpeg?fit=1200%2C847&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/Egypt.jpeg?fit=1200%2C847&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/Egypt.jpeg?fit=1200%2C847&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/06\/Egypt.jpeg?fit=1200%2C847&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15468"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15468\/revisions"}],"predecessor-version":[{"id":15469,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15468\/revisions\/15469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14651"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}