Pharos Energy Returns to Drilling in Fayoum Concession

• Tuesday, 23rd November 2021
• by Sarah Samir

Pharos Energy Company announced that it has returned to drilling in the Fayoum Concession. The company started its drilling with an “interim three-wells development program”. Pharos started operations on the first wel...

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...

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, the company said in a press statement. The company said that a payment of around $136 million in cash and the issuance ar...

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 during fiscal year 2017/2018, reported Al Mal News. An official with the Egyptia...