Canada

  • Assets

Marathon Oil holds interests in both operated and non-operated exploration stage oil sand leases in Alberta, Canada, which could be developed using in-situ methods of extraction. These leases cover approximately 142,000 gross (54,000 net )acres, near Fort McMurray, Alberta, in four project areas:

  • 100 percent operated interest in the Birchwood project;
  • 70 percent operated interest in the Namur project;
  • 20 percent in the non-operated Ells River project; and
  • 33 percent in the non-operated Saleski project.

Marathon Oil owns a 20 percent non-operated interest in the AOSP, which includes the Muskeg River and Jackpine mines, the Scotford Upgrader and rights to participate in developed and undeveloped leases totaling approximately 159,000 gross (32,000 net) acres.

*On March 9, 2017, Marathon Oil announced an agreement to sell its Canadian subsidiary, which includes the Company''s 20 percent non-operated interest in the Athabasca Oil Sands Project (AOSP). The sale is expected to close in mid-2017.

Marathon Oil Canada Corporation ESTMA Report.