Merlon International has been pre-awarded the North Beni Suef block, following the announcement of the winners of the EGPC 2018 International Bid Round on 12 February 2019. The 5,060 sq km block is located in the Beni Suef Basin and lies immediately south of the company's El Fayoum concession. Work commitments in the initial exploration period include expenditure of US$ 36 million and 8 wells. A US$ 3.2 million signature bonus will be paid. Merlon is currently in the process of being acquired by SOCO International, in a US$ 136 million deal first announced on 20 September 2018. Upon PSC signature, the company will operate the concession with 100% equity. 
Merlon International has been pre-awarded the North Beni Suef block, following the announcement of the winners of the EGPC 2018 International Bid Round on 12 February 2019. The 5,060 sq km block is located in the Beni Suef Basin and lies immediately south of the company's El Fayoum concession. Work commitments in the initial exploration period include expenditure of US$ 36 million and 8 wells. A US$ 3.2 million signature bonus will be paid. Merlon is currently in the process of being acquired by SOCO International, in a US$ 136 million deal first announced on 20 September 2018. Upon PSC signature, the company will operate the concession with 100% equity. 