• Pharos and IPR have received approval from EGPC's Executive Board for the consolidation of the El Fayum and NBS concession agreements. Pharos retains its 45%. • The new consolidated concession carries a term of up to 20 years—comprising an initial 15-year period and a five-year extension—valid through 2045 (previously 2034 for El Fayum and 2043 for NBS). • The agreement includes three newly awarded exploration areas. Development leases awarded from these areas will have up to a 30-year term th ....