Pharos Energy gives professional market readers a straightforward oil and gas story: producing assets in Vietnam and Egypt, a long operating record, and a portfolio focused on fields where infrastructure is already in place. The company’s position is centred on assets that are already producing, with further value tied to drilling, appraisal, field management and disciplined investment.
Vietnam is the key part of the business. Pharos has operated there since 1996 and has invested more than $1.4 billion in exploration, appraisal and development. In 2025, Vietnam delivered 4,095 boepd net to the Group’s working interest, out of total Group working interest production of 5,398 boepd net. Egypt added 1,303 bopd net. That makes the production mix clear. Vietnam is the main cash-generating base, while Egypt provides additional exposure and portfolio balance.
The company’s Vietnamese assets are in the Cuu Long Basin, where Pharos has interests in the Te Giac Trang field in Block 16-1 and the Ca Ngu Vang field in Block 9-2. These are shallow water fields with established production history and existing infrastructure.
Pharos holds a 30.5% working interest in Block 16-1 and a 29.7% unitised interest in the TGT field. TGT began production in 2011. Oil is transported by subsea pipeline to a leased floating production, storage and offloading vessel, while gas is processed and supplied into Vietnam’s domestic market.
At CNV, Pharos holds a 25% working interest. The field began production in 2008, with oil and gas transported to nearby processing infrastructure. CNV adds another producing asset in the same basin and supports the company’s broader Vietnam position.
Egypt gives Pharos a second operating region. The company has interests in the El Fayum and North Beni Suef concessions. These assets provide onshore oil exposure and give management further scope to improve performance through operations, investment discipline and partner alignment.
Pharos Energy Plc (LON:PHAR) is an independent energy company with a focus on delivering long-term sustainable value for all stakeholders through regular cash returns and organic growth, underpinned by a robust cash flow and resilient balance sheet.
