Pharos Energy Plc, previously SOCO International, is an oil and gas exploration and production company, headquartered in London.
[7] During 2010, the company aimed to derisk 600 million barrels of potential net recoverable reserves with a drilling programme focused in Vietnam and the Democratic Republic of Congo.
[8] In 2014 the company explored for oil in Virunga National Park, a UNESCO World Heritage Site in the DRC, and attempted to bribe and intimidate people who opposed their efforts.
[13] On 17 October 2019, Pharos Energy plc announced the appointment of John Martin, to succeed Rui de Sousa as Non-Executive Chair following his retirement.
[17] In 2020, Pharos announced that evaluation of the offshore Phu Khanh basin blocks 125 & 126 would continue, though planned 3D seismic work would be deferred, possibly until 2021.
[26] In February 2016, the company started drilling the Baobab Marine-1 well in the Mer Profonde Sud block offshore the Congo Brazzaville – Marine XI.
[28][29] In 2012 SOCO began to explore for oil in the Virunga National Park, Democratic Republic of the Congo, a UNESCO World Heritage Site which is home to 200 of the remaining 700 endangered mountain gorilla.
Block V encompassed an area of the Virunga National Park, a World Heritage Site, including a part of Lake Edward.
[36][37] However, SOCO did not immediately relinquish its operating permits or commit to an unconditional withdrawal..."They’re leaving the door open," said Zach Abraham, director of the World Wildlife Fund's global campaigns.
[11] In a statement, Ed Story, SOCO's chief executive in 2017, said: “Hopefully we can all get back to activities focused on both people and the environment where it does the most good for a place that we think can have a better future.”[39] By July 2018, the group no longer held any African investments besides Egypt.