Marathon Oil Sells Poland Shale Stake

Oil and gas producer, Marathon Oil, will sell a 40% working interest in 10 of its concessions in Poland’s Paleozoic shale play to Nexen. The financial terms of the deal have not been disclosed.

Marathon currently holds an interest in 11 concessions in Poland. The company is planning to acquire 2D seismic during the first half of 2011, drill two wells in the fourth quarter of 2011 and seven to eight wells during 2012.

Click here for the release from Marathon Oil.