The last decade has been a challenging period for firms operating in the Egyptian upstream. Even more so for midcap independents far more reliant than their larger peers on cashflow from their Egypt operations.
European independents Energean, Capricorn and Pharos are three such companies that are in negotiations with Cairo over new concession agreements which will involve the consolidation of their assets. The new agreements are essential if the firms are to invest in boosting output. (CONTINUED - 1475 WORDS)
