Pharos Energy has launched a six-well drilling program in Egypt's Western Desert, including four wells in El Fayum and two in North Beni Suef. The program aims to enhance oil production by approximately 20% by 2027, leveraging recent seismic data insights. The first well, Silah 8-2, began drilling on June 4, 2026, with operations expected to conclude by the end of Q3 2026.
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