The lengthy saga of US firm Marathon’s exit from Iraqi Kurdistan has finally been concluded with an agreement for the sale of its 15% stake in the 30,000 b/d Atrush field (Taqa 39.9%op, Shamaran 20.1%, Marahthon 15%, KRG 25%). Marathon had agreed to sell it to Canada’s Shamaran for $60mn in June (MEES, 15 June), but Emirati operator Taqa blocked the deal in November much to Shamaran’s ire (MEES, 23 November).

Shamaran slammed “Taqa’s unreasonable refusal to...