Marathon Oil Seeks Bids for E.Africa Stakes

Marathon Oil Corp is seeking bids for its interest in four onshore exploration blocks in East Africa as the oil and gas company focuses on drilling in U.S. shale formations, its advisor on the sale said on Friday.

 

The Houston company will take offers for the all or part of the properties located in Ethiopia and Kenya, according to an email from divestiture advisory firm IndigoPool.

 

Cash bids are due July 23, and a data room will be opened on May 29, the sale notice said.