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UK-based RockRose Energy has entered into an agreement to acquire Marathon Oil’s North Sea business. In a deal worth £107 million, RockRose will gain ownership to Marathon’s interests in the Greater Brae, Foinaven East and Foinaven field. The acquisition is estimated to add approximately 35 million barrels of oil reserves in RockRose’s portfolio. Post-completion, Marathon’s assets and teams in North Sea will be transferred to RockRose.
