MARATHON COMBINE WINS FIRST NOD FOR SAKHALIN PROJECT

A combine of Marathon Oil Co., McDermott International Inc., and Mitsui & Co. Inc. is advancing toward approval of the first project in hotly contested international bidding to develop oil and gas reserves off Sakhalin Island in the Russian Far East. The Russian Federation signed a letter of intent for the MMM group to conduct a detailed feasibility study of developing Piltun-Astohskoye and Lunskoye oil and gas fields and conduct further exploration in the tender area (see map, OGJ, Mar. 18,

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