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Total Gabon SA Sells 21.25% stake in Diaba Permit to Marathon Oil Corporation Subsidiary
Total Gabon SA announced that it has agreed to sell a 21.25% stake in the Diaba permit to Marathon Upstream Gabon Ltd, a subsidiary of Marathon Oil Corporation. The permit is located around 50 kilometers from the Southern coast of Gabon. Following this agreement, Total Gabon SA will retain a 42.5% stake in the Diaba permit together with Marathon Upstream Gabon Ltd (21.25%), Cie Gabon Diaba Ltd (21.25%), a subsidiary of Cobalt International Energy, and the Gabonese state (15%). Financial terms of the agreement were not disclosed.
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