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Libya

Assets
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 Libyan National Oil Corporation (NOC) holds a 59.16 percent working interest.

The Concessions encompass almost 13 million acres in the Sirte Basin, a prolific oil and gas producing area containing sizable undeveloped oil and gas resources.

In February 2011, civil unrest occurred in parts of North Africa, including Libya, where Marathon has exploration and production operations. We successfully evacuated our expatriate employees and their families from Libya and remain focused on the safety and wellbeing of our Libyan national employees. Marathon is complying with all U.S. sanctions related to Libya.