Marathon to sell another offshore Angola interest

Marathon Oil Corp. (NYSE:MRO) will sell its 10% working interest in offshore Angola block 32 to Sonangol E.P. for $590 million.

Sep 12th, 2013

Offshore staff

HOUSTON – Marathon Oil Corp. (NYSE:MRO) will sell its 10% working interest in offshore Angola block 32 to Sonangol E.P. for $590 million.

The transaction, which involves the production sharing contract and joint operating agreement on the block, is expected to close in 4Q 2013, pending definitive agreements and government approval.

Marathon earlier this year sold its 10% interest inblock 31 to Sinopec for $1.52 billion.

9/12/13

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