Marathon to soil Angola stake, add Eagle Ford acres

摘要

Marathon Oil Corp. (NYSE: MRO) agreed to sell its 10% working interest in the production-sharing contract and joint operating agreement in Block 32 offshore Angola to Angolan national oil company Sonangol EP. Total transaction value of approximately $590 million excludes any purchase price adjustments. It is expected to close in fourth-quarter 2013 with an effective date of Jan. 1,2013.