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HOUSTON, Dec. 11 /PRNewswire-FirstCall/ -- Marathon Oil Corporation (NYSE: MRO) today announced that following the exercise of a right of first refusal by Sociedad Nacional De Combustiveis De Angola, E.P., (SONANGOL), SONANGOL's wholly owned subsidiary, Sociedad Pesquisa E Producao, S.A.R.L., has signed an agreement to purchase a 20 percent undivided working interest in Angola Block 32 from Marathon.

The terms of the agreement are the same as the previously announced transaction. The parties expect to close the transaction in January 2010.

Marathon will retain a 10 percent working interest in Block 32.

Marathon is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations. Marathon, which is based in Houston, has principal operations in the United States, Angola, Canada, Equatorial Guinea, Indonesia, Libya, Norway and the United Kingdom. Marathon is the fourth largest United States-based integrated oil company and the nation's fifth largest refiner. For more information, please visit our Web site at http://www.marathon.com.

This release contains forward-looking statements with respect to the sale of a 20 percent working interest in Angola Block 32. Some factors that could potentially affect the sale of this interest are customary closing conditions, including Government and regulatory approvals. In accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Marathon Oil Corporation has included in its Annual Report on Form 10-K for the year ended December 31, 2008, and subsequent Forms 10-Q and 8-K, cautionary language identifying other important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

Media Relations Contacts:      Lee Warren           713-296-4103
                               John Porretto        713-296-4102
Investor Relations Contacts:   Howard Thill         713-296-4140
                               Chris Phillips       713-296-3213

SOURCE Marathon Oil Corporation

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http://www.marathon.com