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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.

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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