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,