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RockRose buys Marathon UK North Sea for $140 million

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UK independent RockRose Energy will pay $140 million cash to acquire Marathon Oil’s UK North Sea portfolio. RockRose will get its first operated assets and more than double its production through the deal, while Marathon will make its eighth country exit over the last five years as it sharpens focus on its core US onshore assets. The transaction is expected to close in H2 with an effective date of Jan. 1. RockRose separately announced that it launched a formal approach......
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