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Marathon Oil (MRO) gains government approval for the NOK4.9B ($845M) development of its marginal...

Marathon Oil (MRO) gains government approval for the NOK4.9B ($845M) development of its marginal Boyla oilfield off Norway. MRO plans to develop the North Sea oil and gas field as a subsea tie-back to its operated Alvheim field, with recoverable reserves estimated at 23M boe. MRO is operator with a 65% stake, with partners COP (20%) and Lundin (15%).
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