Marathon Oil closes Kurdistan divestiture

Marathon Oil Corporation has closed on the sale of its 15% participating interest in the Atrush block in Kurdistan, where first-quarter production averaged 2,400 net boe/d.

The divestiture marks the company’s exit from the country.

Abu Dhabi National Energy Company PJSC (TAQA) is the operator of the block, which lies 85 kilometres north-west of Erbil.

With this transaction and its agreement to divest its UK business, Marathon Oil will have exited from ten countries since 2013.

Source: Oil & Gas Journal