Wednesday, 31st March 2021
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 30% to 40%.
Tuesday, 25th September 2018
SOCO International has agreed to buy Merlon Petroleum El Fayum Company for around $215 million.
Thursday, 5th January 2017US Merlon International Oil Company decided to invest $54m in the development and production operations at its Fayum concession in Egypt.