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.<\/p>\n
Operational Summary<\/strong><\/p>\n Egypt 1H 2020 production 5,979 bopd (2 April – 30 June 2019: 5,262 bopd)<\/p>\n The three drilling-rig programme in Q1 2020 increased production in April, production averaged 6,396 bopd and production peaked at 7,009 bopd on the 23 April 2020<\/p>\n Production operations in Egypt have continued, focusing on well intervention and water-flood enhancement following scaling back of drilling activity<\/p>\n Reductions agreed on both El Fayum oil price discount ($1\/bbl reduction) and refinery handling charge ($0.80\/bbl reduction), initially for six months while technical review continues.<\/p>\n