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Tag: Petrosilah
Merlon Fayum

Merlon JV Petrosilah to invest $55 million in oil exploration in Egypt

Posted: April 26, 2018 at 4:52 pm   /   Oil & Gas

Petrosilah Petroleum Company plans to invest about $55 million in oil exploration and discovery in its concession areas in Egypt during the fiscal year 2018/2019, chairman and managing director Taher Abdel Rehem said. The firm raised its production of crude oil by 1,000 barrels during last week, bringing its daily output capacity to 7,000 barrels […]

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PetroSilah raises production to 12k bbl/d by end of FY 2016-17

Posted: January 8, 2017 at 11:06 am   /   Oil & Gas

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 Fayum concession in the Western […]

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Merlon allocates $54 million investment in El Fayum concession in FY 2017-18

Posted: January 5, 2017 at 8:02 pm   /   Oil & Gas

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’s 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’s […]

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Four companies expressed interest in exploration blocks tendered by EGPC

Posted: August 3, 2016 at 12:33 pm   /   Oil & Gas

Four companies have expressed interest in the 11 E&P projects in the Gulf of Suez and the Western Desert tendered by EGPC earlier this year, including US firms Apache Crop, Eos Petro, Greece’s Aegean Oil, and a Chilean company, sources at EGPC told Al Mal. The authority has not received bids from any of the […]

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