Egypt: Soco to acquire Merlon


Issue 377 - 28 Sep 2018 | 1 minute read

Having recently pulled out of Republic of Congo and Angola, London-listed Soco International has moved into Egypt, with the acquisition of Merlon Petroleum El Fayum Company for $215m, to be paid in cash and shares. Merlon, a company incorporated in the Cayman Islands, has 100% in the onshore El Fayum concession in the Western Desert, which will add production, reserves and exploration upside to Soco’s Vietnam-focused portfolio.

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register