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

|About: Marathon Oil Corporation (MRO)|By:, SA News Editor

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%).