{"id":8553,"date":"2020-07-09T22:12:21","date_gmt":"2020-07-09T22:12:21","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8553"},"modified":"2020-07-09T22:12:21","modified_gmt":"2020-07-09T22:12:21","slug":"egypt-pharos-energy-provides-el-fayum-concession-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-provides-el-fayum-concession-update\/","title":{"rendered":"Egypt: Pharos Energy Provides El Fayum Concession Update"},"content":{"rendered":"

El Fayum Production<\/strong><\/p>\n

Production for the first half of 2020 from the El Fayum Concession averaged 5,979 bopd. This is in line with the Egypt 2020 production guidance given on 12 May, which remains unchanged at 5,000-6,000 bopd.<\/p>\n

El Fayum Development and Operations<\/strong><\/p>\n

As announced earlier in the year, the discretionary drilling programme in Egypt was scaled back to preserve capital in the prevailing uncertain macro-economic environment. Pharos is using the break in drilling activity to reduce the cost base, whilst aiming to maintain productivity and the revenue stream.<\/p>\n

Production operations in the field have been centred on well intervention and water-flood enhancement, utilising the remaining active workover rig. Forward operations will be focused on further enhancing productivity from existing wells through recompletions, the addition of new producing zones, and the conversion of selected existing production wells to injector wells.<\/p>\n

In addition, work to update the subsurface static and dynamic models to incorporate the results of the 2019 and 2020 drilling campaigns has progressed well. This work will allow further optimisation of the water-flood pattern and facilitate optimised reservoir management through better well spacing when drilling recommences, which will further improve sweep efficiency, well deliverability and lead to an increased recovery. Target secondary recovery factors for water-flood activity in the El Fayum fields remain c.24%; current primary recovery factor is 8 to 12%.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Fayum Production Production for the first half of 2020 from the El Fayum Concession averaged 5,979 bopd. This is in line with the Egypt 2020 production guidance given on … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8554,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[3515,637,709,7794,2082,5021],"class_list":["post-8553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-development","tag-drilling","tag-egypt","tag-el-fayum","tag-production","tag-rig","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Egypt-El-Fayum.jpg?fit=806%2C585&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2dX","jetpack-related-posts":[{"id":8964,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-h1-operational-update\/","url_meta":{"origin":8553,"position":0},"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 "Countries"","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":11211,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-announces-recommencement-of-el-fayum-development-drilling\/","url_meta":{"origin":8553,"position":1},"title":"EGYPT: Pharos Energy Announces Recommencement of El Fayum Development Drilling","author":"","date":"November 22, 2021","format":false,"excerpt":"Pharos Energy has announced a return to drilling in its El Fayum Concession in\u00a0Egypt, with the commencement of an interim three-well development programme.\u00a0 Ed Story, President and Chief Executive Officer, commented:\u00a0 \"I am pleased to announce that, after a significant period of restricted activity in\u00a0Egypt, we have recommenced development drilling\u2026","rel":"","context":"In "Countries"","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\/2021\/11\/ECDC-6-Rig.jpg?fit=683%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/ECDC-6-Rig.jpg?fit=683%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/ECDC-6-Rig.jpg?fit=683%2C1024&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":8553,"position":2},"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. 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El Fayum Development and Operations Prior to the COVID-19 pandemic and the oil price shock, three drilling rigs\u2026","rel":"","context":"In "Countries"","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":12061,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-energy-provides-2021-preliminary-results\/","url_meta":{"origin":8553,"position":3},"title":"EGYPT: Pharos Energy Provides 2021 Preliminary Results","author":"","date":"March 18, 2022","format":false,"excerpt":"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 to drilling with Batran-1X exploration commitment well and three-well development drilling programme El Fayum Phase 1B waterflood programme commenced with\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13838,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-pharos-eneregytrading-and-operations-update-july-2023\/","url_meta":{"origin":8553,"position":4},"title":"EGYPT: Pharos EneregyTrading and Operations Update July 2023","author":"","date":"July 26, 2023","format":false,"excerpt":"Operational Highlights Group working interest H1 production was 6,915 boepd net. 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