US firm Marathon’s efforts to exit Iraq’s Kurdistan Region have run into another bump in the road. While it successfully sold its 20% stake in the KRG’s 21,000 b/d Sarsang to US operator HKN in Q3 (new structure: HKN 62% op, Total 18%, KRG 20%), elsewhere progress has been reversed. Marathon had agreed with Canada’s Shamaran for the latter to purchases its 15% at the 30,000 b/d Atrush field in June (MEES, 15 June). But Emirati operator Taqa has blocked the deal,...
Marathon In Hard Slog To Exit KRG
Published on Fri, 23 Nov 2018 - Volume: 61 Issue: 47Print
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