{"id":630603,"date":"2018-04-26T04:28:49","date_gmt":"2018-04-26T04:28:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/"},"modified":"2018-04-26T04:28:49","modified_gmt":"2018-04-26T04:28:49","slug":"is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/","title":{"rendered":"Is Merlon looking to invest USD 55 mn next fiscal year?"},"content":{"rendered":"

INVESTMENT WATCH- Is Merlon looking to invest USD 55 mn next fiscal year? <\/strong>American oil outfit Merlon International is reportedly looking to spend USD 55 mn in Egypt next fiscal on exploration, Merlon JV PetroSilah Petroleum Chairman Taher Abdel Rahim told Al Shorouk<\/a>. USD 20 mn will be allocated to drilling eight wells in its Feyoum concessions in FY2018-19, Abdel Rahim added. His statement comes amid reports<\/a> that New York-based private equity firm Yorktown Partners is planning to sell Merlon to raise USD 400 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Is Merlon looking to invest USD 55 mn next fiscal year? American oil outfit Merlon International is reportedly looking to spend USD 55 mn in Egypt next fiscal on exploration, Merlon JV PetroSilah Petroleum Chairman Taher Abdel Rahim told Al Shorouk. USD 20 mn will be allocated to drilling eight wells in its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630603","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3e2621d0-ca9a-4833-8521-03d332c66116","order":"0","is_powered_by":true,"section_story_id":"dad8214f-0b96-4004-8df1-b39022b94160","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630586],"teaser":"","voice_url":""},"yoast_head":"\nIs Merlon looking to invest USD 55 mn next fiscal year? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Merlon looking to invest USD 55 mn next fiscal year?\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Is Merlon looking to invest USD 55 mn next fiscal year? American oil outfit Merlon International is reportedly looking to spend USD 55 mn in Egypt next fiscal on exploration, Merlon JV PetroSilah Petroleum Chairman Taher Abdel Rahim told Al Shorouk. USD 20 mn will be allocated to drilling eight wells in its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-26T04:28:49+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is Merlon looking to invest USD 55 mn next fiscal year?\",\"datePublished\":\"2018-04-26T04:28:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\",\"name\":\"Is Merlon looking to invest USD 55 mn next fiscal year? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-04-26T04:28:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Merlon looking to invest USD 55 mn next fiscal year?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Is Merlon looking to invest USD 55 mn next fiscal year? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/is-merlon-looking-to-invest-usd-55-mn-next-fiscal-year\/","og_locale":"en_US","og_type":"article","og_title":"Is Merlon looking to invest USD 55 mn next fiscal year?","og_description":"INVESTMENT WATCH- Is Merlon looking to invest USD 55 mn next fiscal year? 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Separately, Oil Minister Tarek El Molla sat down with Philip Olivier, CEO of Engie Global LNG to discuss both the company's current\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/lse-listed-soco-to-acquire-egypt-focused-merlon\/","url_meta":{"origin":630603,"position":1},"title":"LSE-listed Soco to acquire Egypt-focused Merlon","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#5 M&A WATCH- LSE-listed Soco to acquire Egypt-focused Merlon Petroleum: London-listed Soco International announced in a statement on Thursday that it has reached an agreement to acquire Merlon Petroleum El Fayoum Co. in a USD 215 mn transaction. The transaction, if executed, would give Soco a 100% working interest in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652307,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/","url_meta":{"origin":630603,"position":2},"title":"Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"Oil and Gas producer Merlon International is allocating USD 54 mn towards its development and production operations in its El Fayum concession in FY2017-18, Al Mal reported. Merlon\u2019s JV PetroSilah will end FY2016-17 having invested around USD 64 mn, below the budgeted amount of USD 88 mn, sources at EGPC\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652392,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/petrosilah-raises-production-to-12k-bbl-d-by-end-of-fy2016-17\/","url_meta":{"origin":630603,"position":3},"title":"PetroSilah raises production to 12k bbl\/d by end of FY2016-17","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"Merlon International JV PetroSilah are aiming to drill six wells in 2H2016-17 to increase production to 12k bbl\/d from 8.7k bbl\/d from its El Fayum concession, PetroSilah Chairman Taher Abdel Rahim told Al Borsa. We had previously reported Merlon International is allocating USD 54 mn in FY2017-18 towards its El\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630454,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/yorktown-partners-plans-to-sell-egypt-focused-oil-and-gas-producer-merlon-international\/","url_meta":{"origin":630603,"position":4},"title":"Yorktown Partners plans to sell Egypt-focused oil and gas producer Merlon International","author":"enterpriseam admin","date":"22 April 2018","format":false,"excerpt":"M&A WATCH- New York-based private equity firm Yorktown Partners is planning to sell its Egypt-focused oil and gas producer Merlon International to raise USD 400 mn, banking sources tell Reuters. Citigroup is managing the process, which is expected to be finalized by July. All of Merlon\u2019s oil and gas assets\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625025,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/united-energy-group-to-acquire-kuwait-energy-for-usd-651-mn\/","url_meta":{"origin":630603,"position":5},"title":"United Energy Group to acquire Kuwait Energy for USD 651 mn","author":"enterpriseam admin","date":"25 September 2018","format":false,"excerpt":"M&A WATCH- United Energy Group to acquire Kuwait Energy for USD 651 mn: Hong Kong-listed energy firm United Energy Group has made a USD 651 mn bid to acquire Kuwait Energy, United Energy said in a filing to the Hong Kong stock exchange, Reuters reports.Egypt assets among those that enticed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=630603"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630603\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630586"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630603"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630603"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}