Canadian independent Shamaran announced on 31 May that the buyout of US firm Marathon’s 15% stake in the 32,000 b/d Atrush field in Iraqi Kurdistan has finally concluded. The 15% was split evenly between Shamaran and the field’s operator, Emirati firm Taqa. The new partnership is Taqa 47.4%op, Shamaran 27.6%, KRG 25%. Marathon has long wanted to quit the region, but the process proved a lengthy slog. It seemed simple at first when Shamaran signed up to buy the full 15 15% in June...
Atrush’s Marathon Buyout Finally Concludes
Published on Fri, 31 May 2019 - Volume: 62 Issue: 22Print
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