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Marathon Oil announces US$2.5 billion Canadian oilsands divestiture and US$1.1 billion Permian Basin acquisition

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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.

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Upstream news US upstream news Oilsands news Oil & gas news