Marathon Oil has sold its interests in production licences PL 025, PL 048E and PL 187 on the Norwegian Continental Shelf to Statoil for $85m.
The transaction includes Marathon‘s 20% interest in PL 025 in the Gudrun field, 20% in PL 187 in the Brynhild discovery and a 12.5% interest in PL 048E in the Eirin discovery.
Marathon has no production or booked proved reserves associated with these licences.
The firm’s partners in PL 025 and PL 187 are Statoil Petroleum and GDF Suez E&P Norge. In PL 048E, its partners are Statoil Petroleum and Total E&P Norge.
Statoil Petroleum is the operator in all the production licenses.