Marathon Oil announces US$2.5 billion Canadian oilsands divestiture and US$1.1 billion Permian Basin acquisition
Published by David Bizley,
Senior Editor
Oilfield Technology,
Marathon Oil Corporation has announced it has signed an agreement to sell its Canadian subsidiary, which includes a 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for US$2.5 billion in cash, excluding closing adjustments.
To read the full article
"Marathon Oil announces US$2.5 billion Canadian oilsands divestiture and US$1.1 billion Permian Basin acquisition"
Please sign in or register for FREE
Sign in »
Register for free »
Get started absolutely FREE in 2 minutes, plus receive a free printed magazine.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/10032017/marathon-oil-announces-us25-billion-canadian-oilsands-divestiture-and-us11-billion-permian-basin-acquisition/
You might also like
New commercial oil discoveries in Brage Field, Norway
Rex International Holding Ltd, together with its subsidiaries, is pleased to share that new commercial oil discoveries have been made in the Talisker exploration well in the Brage Field, in which Rex’s indirect subsidiary Lime Petroleum AS (LPA) holds a 33.8434% interest.