Marathon Oil exits Iraq upon completion of Kurdistan divestiture
HOUSTON -- Marathon Oil Corporation has announced that 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 boed (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 UK business, Marathon Oil will have exited from 10 countries since 2013.
