MARATHON OIL

Marathon Oil Company has sold 100 percent of its interest in the Angus/Stellaria development located in the Gulf of Mexico, to Santa Fe Snyder Corporation for $160 million. Marathon's interest in this deepwater project was 33.34 percent, and included equity in an eight-well subsea manifold tied back to the Bullwinkle platform operated by Shell Deepwater Development, Inc. and six blocks (Green Canyon 111, 112, 113, 155, 156 and 157). The development is located 140 miles southeast of New Orleans.
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