Fri, 22 Jun 2012 09:00:00 CDT
Marathon Oil Corporation (NYSE: MRO) announced today that its subsidiary Marathon Upstream Gabon Limited has entered into a farmout agreement with Total Gabon for a 21.25 percent working (25 percent paying) interest in the Diaba License G4-223 and its related permit in Gabon with an effective date of June 15, 2012. The companies expect to close the transaction, subject to completion of the necessary Gabonese government and partner approvals, in the third quarter of 2012.
Read full article at: globenewswire.com