Marathon Oil ponders partial sale of Athabasca oil sands stake

10/29/2012
Marathon Oil Corp. is discussing a potential sale of part of its 20% outside-operated interest in the Athabasca oil sands project in Alberta, and it also is expanding its holdings in the South Texas Eagle Ford shale play through one completed acquisition and one pending acquisition. The divestiture and acquisitions were outlined as Marathon Oil issued a news release updating its previously announced plans to divest $1.5-3 billion during 2011-13. As of Oct. 24, Marathon Oil has entered into agreement to sell $1.1 billion, of which more than $700 million worth of divestitures have closed. The $1.1 billion total includes the pending sale of Marathon Oil's Alaska Cook Inlet assets for $375 mi...
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