UPDATE 1-Marathon's reserves climb, aided by rule change
HOUSTON Feb 17 (Reuters) - Marathon Oil Corp's (MRO.N) proved oil and gas reserves climbed 40 percent in 2009, helped by additions from the company's Athabasca Oil Sands project in Canada.
Under new reporting requirements from the U.S. Securities and Exchange Commission, oil companies now report reserve additions from oil sands projects. That new rule boosted Marathon's 2009 proved reserves by 603 million barrels, the Houston company said on Wednesday.
Marathon's year-end 2009 net proved reserves totaled 1.679 billion barrels oil equivalent, of which 37 percent was liquid hydrocarbons, 36 percent was synthetic crude and 27 percent was natural gas. (Reporting by Anna Driver, editing by Gerald E. McCormick)
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