ɪn sɛptˈɛmbɚ tˈuː θˈaʊzənd ˈeɪtiːn, ðə kˈʌmpəni ɹˈiːtʃt ɐn ɐɡɹˈiːmənt tə bˈaɪ mˈɜːlɑːn pətɹˈoʊliːəm ˌɛl fˈeɪəm kˈʌmpəni ænd wˈʌnhˈʌndɹɪd pɚsˈɛnt ʌvðɪ ˌɛl fˈeɪəm kənsˈɛʃən, kəmplˈiːɾɪŋ ðɪ ɐkwɪsˈɪʃən ɪn ˈeɪpɹəl tˈuː θˈaʊzənd nˈaɪntiːn.
In September 2018, the Company reached an agreement to buy Merlon Petroleum El Fayum Company and 100 percent of the El Fayum concession, completing the acquisition in April 2019.