Pharos Energy Returns to Drilling in Fayoum Concession

• Tuesday, 23rd November 2021
• by Sarah Samir

Pharos started operations on the first well of the three-well program. The drilling of the first well was conducted using the ECDC-2 Drilling Rig, with expectations to last for 24 days.

EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

• Wednesday, 31st March 2021
• by Editorial Team

Pharos Energy and the Egyptian General Petroleum Corporation (EGPC) have agreed to amend the terms of El Fayoum Concession in the Western Desert, which will raise Pharos's cost recovery petroleum percentage from 3 ...

SOCO International to Buy Merlon El Fayum

• Tuesday, 25th September 2018
• by Sarah Samir

SOCO International has agreed to buy Merlon Petroleum El Fayum Company for around $215 million.

Merlon to Invest $54m in Fayoum Concession

• Thursday, 5th January 2017
• by Sarah Samir

US Merlon International Oil Company decided to invest $54m in the development and production operations at its Fayum concession in Egypt.