{"id":652307,"date":"2017-01-05T04:10:11","date_gmt":"2017-01-05T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/"},"modified":"2017-01-05T04:10:11","modified_gmt":"2017-01-05T04:10:11","slug":"merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/","title":{"rendered":"Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18"},"content":{"rendered":"<p>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, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=317360\">Al Mal<\/a> 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 said. Currently, all of Merlon\u2019s oil and gas assets are located within El Fayum concession in the Western Desert.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 said. Currently, all of Merlon\u2019s [&hellip;]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652307","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c2b8c305-1b16-43e4-a86e-c0d34b24fe5c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652283],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18 - 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\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18\" \/>\n<meta property=\"og:description\" content=\"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 said. Currently, all of Merlon\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-05T04:10:11+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\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18\",\"datePublished\":\"2017-01-05T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/merlon-allocates-usd-54-mn-in-investments-to-fayoum-concession-in-fy-2017-18\/\",\"name\":\"Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18 - 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We had previously reported Merlon International is allocating USD 54 mn in FY2017-18 towards its El\u2026","rel":"","context":"In &quot;Energy&quot;","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":624917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/lse-listed-soco-to-acquire-egypt-focused-merlon\/","url_meta":{"origin":652307,"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 &quot;Speed Round&quot;","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":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":652307,"position":2},"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 &quot;Speed Round&quot;","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":645229,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/oil-ministry-announces-winners-of-western-desert-concession\/","url_meta":{"origin":652307,"position":3},"title":"Oil Ministry announces winners of Western Desert concession","author":"enterpriseam admin","date":"16 July 2017","format":false,"excerpt":"Apache, Shell, and Apex among the winners of Oil Ministry\u2019s Western Desert oil exploration tender: The Oil Ministry is expecting to sign contracts \u201csoon\u201d with the winners of its crude oil exploration tender in the Western Desert, Minister Tarek El Molla said, according to Youm7. Apache, Royal Dutch Shell, Apex\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":642936,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/oil-ministry-signs-three-exploration-agreements-with-apache-merlon-worth-usd-79-mn\/","url_meta":{"origin":652307,"position":4},"title":"Oil Ministry signs three exploration agreements with Apache, Merlon worth USD 79 mn","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"The Oil Ministry signed on Saturday three oil and gas exploration agreements worth USD 79 mn in the Western Desert with Apache and Merlon, according to Al Mal. 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