Deal Insight
SOCO International acquires Merlon Petroleum for US$237 million
Report summary
SOCO International announced the acquisition of Merlon Petroleum El Fayoum Company for a total consideration of US$237 million. SOCO will acquire a 100% stake in the Fayoum fields in the Western Desert giving it access to 24 mmbbls of 2P oil reserves and 37 mmbbls of contingent resources. The fields currently produce 7,000 b/d but with increased waterflooding and further development drilling could reach 15,000 b/d next decade. The purchase of the Fayoum fields gives SOCO access to low risk, cashflow accretive production with contingent resources and exploration upside. Existing production means that future development costs to produce contingent resource are self-funding through the cost recovery mechanism within Egypt's Production Sharing Contracts (PSCs).
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- SOCO International
- Merlon International
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Country Report
Uganda upstream summary
Uganda is a frontier oil and gas country with no current production. Exploration and development is in the Albert-Edward Rift Basin, ...
$5,400
Asset Report
Berg Aukas zinc mine
A detailed analysis of the Berg Aukas zinc mine.
$2,250
Asset Report
Tsumeb copper mine
A detailed analysis of the Tsumeb copper mine.
$2,250
