China National Petroleum Corp and Malaysia's Petronas are considering offers for Marathon Oil Corp's Angolan offshore oil and gas fields, people familiar with the matter told Reuters. Houston-based Marathon first laid out plans in late 2011 to divest up to $3 billion worth of assets to plough money back into other operations.Marathon holds a 10 percent stake each in two Angolan fields, called Block 31 and 32. BP, Total SA and Angolan state energy company Sonangol are among Marathon's other partners in the two blocks.Marathon has put its entire stake in both the fields on the block, the people said.Marathon, CNPC and Petronas declined to comment.
Marathon Oil Corporation (Marathon Oil) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea. Shares of MRO fell by 0.09% or $-0.03/share to $33.57. In the past year, the shares have traded as low as $23.17 and as high as $35.86. On average, 4974650 shares of MRO exchange hands on a given day and today's volume is recorded at 3475063.
Total SA is a France-based integrated international oil and gas company. Shares of TOT traded higher by 1.5% or $0.72/share to $48.80. In the past year, the shares have traded as low as $41.75 and as high as $55.35. On average, 1656170 shares of TOT exchange hands on a given day and today's volume is recorded at 2110300.
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