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August 11, 2014
08:37 EDTMROMarathon Oil signs exploration, production sharing contract for Gabon Block G13
Marathon Oil, through its wholly owned subsidiary Marathon Oil Exploration, announced it has signed an exploration and production sharing contract, or EPSC, for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The company was the high-bidder on the block in Gabon's licensing round in October 2013. The Tchicuate Block encompasses 275,000 acres with water depths ranging from approximately 3,250 to 8,250 feet. It is located approximately 50 miles offshore the coast of Gabon and near proven shallow-water, pre-salt oil discoveries. Marathon Oil holds a 100% participating interest and operatorship in the block. In the event of development, the Republic of Gabon will assume a 20% financed interest in the contract upon commencement of production. The State holds additional rights to participate in the block in the future as a co-investor. Marathon Oil also holds a 21.25% working interest in the non-operated Diaba License G4-223, encompassing 2.2M gross acres, where the Diaman-1B discovery was made in 2013.
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September 15, 2014
07:23 EDTMROHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 9, 2014
10:10 EDTMROOn the Fly: Analyst Upgrade Summary
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09:08 EDTMROMarathon Oil upgraded to Buy from Accumulate at Tudor Pickering
September 8, 2014
07:33 EDTMROMarathon Oil price target raised to $50 from $45 at Oppenheimer
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September 3, 2014
09:17 EDTMROMarathon Oil sees future drilling inventory increased to 4,650 net wells
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