Merlon | Egypt Oil & Gas

Petrosilah to Invest $55M in 2018/19

Petrosilah Petroleum Company plans to invest $55 million into Egyptian oil exploration during fiscal year (FY) 2018/19, Managing Director and Chairman Taher Abdel Rehim has said, according to Egypt Today. Abdel Rehim ...

Yorktown to Sell Merlon Egypt Business

Yorktown Partners has announced that it will sell Merlon International, an oil and gas company focused on exploration and production in Egypt’s Western Desert region, banking sources told Reuters. The two unname...

Merlon to Invest $66 M in E&P in Egypt

US’ Merlon has allocated $66 million investments in fiscal year (FY) 2018/2019 budget for exploration and production operations, through its subsidiary in Egypt Petrosilah, Al Mal News reports. Petrosilah, which...

Apache, Merlon to Invest $79M in WD

The Minister of Petroleum and Mineral Resources, Tarek El Molla, finalized three new exploration and production agreements, Egypt Oil & Gas reports. US Apache and Merlon both signed agreements with the Egyptian Pe...

SDX, Merlon to Pay Contractors in EGP

Sea Dragon Energy (SDX) and Merlon International Oil Firms reached agreements with their suppliers and contractors in Egypt to repay them in EGP instead of USD based on the exchange rate, reported Al Mal News. Constru...

Merlon to Increase Fayoum Investments to $100m

Merlon, an American company working in research and exploration in Egypt, allocated around $100m to implement production and development operations in its concession area in Fayoum in the next fiscal year 2016-2017 (F...

Petrosilah Drills new Well in Fayoum Development Blocks

Petrosilah Petroleum Company has completed the drilling of a new developmental well onshore Gindi Basinin located in the company’s Fayoum development blocks in Western Desert. The operation comes in the context of Pet...

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