Marathon Oil enters Kurdistan.This means that the PSC-kontracts signed in Kurdistan is leagal, things seems to work out now.
Reuters- Marathon Oil Corp (MRO.N) said on Wednesday it has taken a stake in four exploration blocks in Kurdistan, marking the U.S. oil company's first entry into Iraq.
Marathon signed production sharing contracts to operate and take 80 percent ownership in two open blocks northeast of Erbil. The Kurdistan regional government will hold a 20 percent interest.
The company has also taken working interests in two blocks located north-northwest of Erbil.
Iraq's central government in Baghdad is at odds with the semi-autonomous northern region and has strongly opposed oil deals the Kurds have signed independently with foreign companies.
The disagreement has halted exports from Kurdish oilfields since last year.
Marathon, based in Houston, will open and staff an office in the region, a spokeswoman said, declining to provide additional details about the deal.