Marathon Selling Some Norway Interests

July 10, 2008 Filed Under: Oil and Gas  

Marathon Oil Corp. will sell some of its interests in acreage off Norway’s coast to the U.K.’s Centrica PLC for $416 million.

As of year-end 2007, the assets being sold contained net proved reserves of 4.8 million barrels of oil equivalent and net production of about 7,000 barrels of oil equivalent per day.

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