Ethiopia/Kenya: Marathon offers onshore assets

Issue 301 - 30 May 2015 | 1 minute read

Marathon Oil Corporation is looking for buyers for its East African onshore assets. The company, which is refocusing its global exploration and production programme, plans to open an online data room on 29 May with Schlumberger’s portal, and is seeking bids for the entire portfolio or any combination of the four blocks. The Ethiopian assets comprise 50% in Africa Oil Corporation’s Rift Basin Area and 20% in Tullow Oil’s South Omo Block. The Kenyan assets consist of 50% in Africa Oil’s Block 9, and 15% in Tullow’s Block 12A.

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