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Libya
Marathon is a member of the Waha Group, which acquired exploration and production rights in Libya in the mid-1950s. Marathon and ConocoPhillips each hold a 16.33 percent working interest in the Waha Concessions, Hess Corporation an 8.16 percent working interest and the
The Concessions, which in 2009 produced an average of 340 gross mboepd, encompass almost 13 million acres in the Sirte Basin. This basin is one of the most prolific oil and gas producing |
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