China National Petroleum Corp and Malaysia's Petronas are considering offers for Marathon Oil Corp's stakes in two Angolan offshore oil and gas fields, people familiar with the matter told Reuters.The sale comes as U.S. oil and gas producers scale back their global ambitions to focus on their home market, opening the field for Asia's state-backed giants. An estimated $6 billion worth of oil and gas blocks are being sold by companies worldwide, according to ThomsonReuters data.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 has put its entire 10 percent stake each in Blocks 31 and 32 offshore Angola up for sale, the people said. The two Asian energy companies are working with advisors to place bids, though no deal was imminent, they added.
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.
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