Marathon sells partial interest offshore Angola

Marathon Oil has sold a 20% undivided working interest in the production sharing contract and joint operating agreement in Angola block 32 to Sociedade Nacional de Combustiveis de Angola, Empresa Publica.

Offshore staff

HOUSTON -- Marathon Oil has sold a 20% undivided working interest in the production sharing contract and joint operating agreement in Angola block 32 to Sociedade Nacional de Combustiveis de Angola, Empresa Publica. Marathon will retain a 10% working interest in the block.

The 12 discoveries on block 32 include Gindungo, Canela, Cola, Gengibre, Mostarda, Salsa, Caril, Manjericao, Louro, Cominhos, Colorau, and Alho. Conceptual development studies are under way to establish the feasibility of a first development area in the central southeastern part of the block.

02/09/2010

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