SONANGOL acquires Angola block 32 interest

Dec. 11, 2009

Following the exercise of a right of first refusal by Sociedad Nacional De Combustiveis De Angola (SONANGOL), the company’s wholly owned subsidiary, Sociedad Pesquisa E Producao, has agreed to purchase a 20% undivided working interest in Angola block 32 from Marathon Oil.

Offshore staff

HOUSTON -- Following the exercise of a right of first refusal by Sociedad Nacional De Combustiveis De Angola (SONANGOL), the company’s wholly owned subsidiary, Sociedad Pesquisa E Producao, has agreed to purchase a 20% undivided working interest in Angola block 32 from Marathon Oil.

The transaction is expected to close in January 2010. Marathon will retain a 10% working interest in the block.

12/11/2009