ɪn ɑːktˈoʊbɚ tˈuː θˈaʊzənd nˈaɪntiːn, ˈɪzɹiːəlz ˈɛnɚdʒi mˈɪnɪstɹi ɡɹˈæntᵻd fˈæɹoʊz, ɐlˈɔŋ wɪð kˈɛɹn ˈɛnɚdʒi ænd ɹˈeɪʃɪˌoʊ ˈɔɪl, ˈeɪt ˈɔfʃoːɹ ɛksploːɹˈeɪʃən lˈaɪsənsᵻz fɔːɹ ˈɔfʃoːɹ blˈɑːks.
In October 2019, Israel's Energy Ministry granted Pharos, along with Cairn Energy and Ratio Oil, eight offshore exploration licenses for offshore blocks.