Marathon Oil announces US$2.5 billion Canadian oilsands divestiture and US$1.1 billion Permian Basin acquisition
Published by David Bizley,
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.
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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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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/
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