Offshore staff
HOUSTON – Marathon Oil Corp. (NYSE: MRO) has closed the transaction with Det norske oljeselskap ASA for the sale of Marathon Oil Norge AS for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil received proceeds of $2.1 billion.
The Norway sale includes the operatedAlvheim FPSO vessel, 10 company-operated licenses, and a number of non-operated licenses on the Norwegian continental shelf in the North Sea. Full-year 2013 net production in Norway averaged 80,000 boe/d.
10/16/2014
