Marathon Oil Corporation announced today it has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first quarter 2019 production averaged 2,400 net barrels of oil equivalent per day (100% oil). As previously disclosed, this divestiture represents a complete country exit for Marathon Oil.
Including this transaction and the recently announced agreement to divest of its U.K. business, Marathon Oil will have exited from 10 countries since 2013.
About Marathon Oil
Marathon Oil Corporation (NYSE: MRO) is an independent global exploration and production company. Based in Houston, Texas, the Company operates in North America, Europe and Africa. Each of the Company’s three reportable operating segments is organized based upon both geographic location and the nature of the products and services it offers.