One-Page Deal Sheet
Marathon Oil, Nexen Agree to Jointly Explore Shale Acreage in Poland
Nexen Inc. Marathon Oil Corp
Announced Date
April 26,2011
Transaction Type
JV
Asset/Basin:
{"Poland Paleozoic shale"}
TargetZones:
{"Lower Paleozoic sh
Transaction Details: Subscribe to see
Marathon Oil Corporation announced that it has signed an agreement with a wholly owned subsidiary of Nexen Inc. under which Nexen will acquire a 40 percent working interest in 10 of Marathon's concessions in Poland's Paleozoic shale play.
"We are pleased Nexen will be joining Marathon to explore the resource potential of the substantial shale play acreage position we have established in Poland," said Annell R. Bay, Marathon's senior vice president of Worldwide Exploration. "This partnership provides not only financial risk mitigation but combines the extensive unconventional drilling and…
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