HOUSTON, May 31, 2019 /PRNewswire/ -- Marathon Oil
Corporation (NYSE: MRO) 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.
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of historical fact, are
forward-looking statements, including statements related to
the sale of the Company's U.K. assets and the expected timing
thereof. While the Company believes that its assumptions
concerning future events are reasonable, a number of factors could
cause results to differ materially including the failure to satisfy
closing conditions as well as risk factors, forward-looking
statements and challenges and uncertainties described in the
Company's 2018 Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, and other public filings and press releases, available
at www.marathonoil.com. Except as required by
law, the Company undertakes no obligation to revise or update any
forward-looking statements as a result of new information, future
events or otherwise.
Media Relations Contact
Lee Warren: 713-296-4103
Investor Relations Contacts
Guy Baber: 713-296-1892
John Reid: 713-296-4380
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SOURCE Marathon Oil Corporation