Pharos CEO Jann Brown
Pharos plays the Vietnam long game
The UK-headquartered company aims to benefit from its established position in the Southeast Asian nation
London-listed independent Pharos Energy has “high netback, rapid-payback production” from its assets in Vietnam, the firm’s CEO Jann Brown tells Petroleum Economist. It may therefore be no surprise that the firm is planning to get busy there, aiming to drill three wells in Vietnamese waters this year. Two will be on the Te Giac Trang (TGT) field and another on the smaller Ca Ngu Vang (CNV) field, with the goal of sustaining production and extending Pharos’ operating licences in the country. “We are tendering for the rig for the TGT wells right now, and CNV will be drilled by the same rig at the end of that programme,” says Brown. “We have high netback, rapid-payback production” Brown,
Also in this section
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
