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Marathon Oil Corp To Sell 20% Alberta Oil Sands Stake Fall Through-WSJ


Thursday, 23 May 2013 08:27am EDT 

The Wall Street Journal reported that Marathon Oil Corp is in discussions to sell its 20% outside operated stake in the Athabasca Oil Sands Project in Alberta, Canada, were unsuccessful and talks with a prospective buyer have been terminated. Marathon Oil said it isn't engaged in further talks tied to a potential sale of the assets, but it will continue to evaluate ways to grow its portfolio. It also backed its previously announced goal of divesting between $1.5 billion and $3 billion in assets from 2011 through 2013. 

Company Quote

27.56
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18 Dec 2014