Shearman & Sterling advised Marathon Oil Corporation on the negotiation of a deep-water off-shore oil exploration and production-sharing contract with the Government of Gabon.

Marathon Oil Corporation (NYSE: MRO), through its wholly owned subsidiary Marathon Oil Exploration Limited, has signed a deepwater exploration and production-sharing contract (EPSC) for Gabon offshore Block G13, named Tchicuate.

The Shearman & Sterling team was led by Christophe Asselineau, head of the firm’s Paris Project Development & Finance Group.

“We are delighted to have been able to assist Marathon with this important contract,” Asselineau said. “It is another illustration of the strength of Shearman & Sterling’s African oil and gas industry experience and of the dedication and efficiency of our energy and projects lawyers.”