Samchully Asset Management Co. Ltd. (“Samchully AMC”) today announced that one of its funds has completed the acquisition of a 34% interest in the Neptune Gas Processing Plant (“Neptune”) located in St. Mary Parish, Louisiana from Marathon Oil Company (“Marathon”), a wholly owned subsidiary of Marathon Oil Corporation. The total purchase price of approximately $170 million is comprised of 100% cash which has been paid to Marathon.

The transaction represents the first direct investment in a United States midstream asset by a Korean financial entity. For purposes of the acquisition, ...