On 25 December 2019, Pacific Oil and Ganoub El Wadi Petroleum Holding (Ganope) signed with the Egyptian Ministry of Petroleum and Mineral Resources a USD 68 million agreement for E&P operations in the S.E. Ras El Ush block, Gulf of Suez Basin. This agreement states minimum investment expenditures to be made and a signature bonus of USD 2 million for the drilling of five wells.  The S.E. Ras El Ush block, which covers an area of 64.5 sq km was awarded to Pacific Oil and Gulf Hibiscus (equal partners) in August 2015 as part of Ganope's 2014 International Bid Round. It includes the Ashrafi offshore field discovered in 1999 and shut-in in May 2009.
Pacific Oil (op) & Hibiscus (so far 50:50) were awarded South East Ras El Ush offshore block 2