Employees and contractors at our Brae platform add profitable production from the North Sea. Other core regions include the U.S., Canada and Equatorial Guinea.
Africa
Asia
Europe
Marathon assets, such as those in the Bakken and Eagle Ford plays, are indicative of our steady growth and the exciting opportunities that are yet to come.
At Marathon, we realize the importance of being transparent and regularly sharing company and industry information with our customers, employees and stakeholders.
Pablo Ondo Zetmayer, a gas plant operator in Equatorial Guinea, is a prime example of Marathon’s globally diverse workforce, which enjoys worldwide experiences and world-class opportunities.
With a focus on safety, innovation and environmental stewardship, Marathon is among the world’s leading independent exploration and production companies.
Canada
Canada's oil sands are set to play a major role in meeting the world's growing energy demand. This unconventional resource is the second largest oil reserve in the world, with recoverable reserves currently estimated at 171 billion barrels. It is anticipated that approximately 80 percent of this resource is too deep to mine and will be exploited using in-situ extraction techniques. The remaining 20 percent of the resource is shallow enough to utilize mining techniques and is discussed in Oil Sands Mining.
Marathon owns a 20 percent outside-operated interest in the Athabasca Oil Sands Project (AOSP), a key base asset and the foundation of our Oil Sands Mining segment. Located in Alberta, Canada, the AOSP includes the Muskeg River and Jackpine mines, the Scotford Upgrader and rights to more than 215,000 acres of potentially mineable land in Alberta.
We also own interests in operated and outside-operated in-situ oil sands leases near Fort McMurray, Alberta. These leases cover approximately 143,000 gross acres (52,000 net). Recoverable resources are estimated at greater than 1 billion barrels of net bitumen (1.1 billion barrels at a P50 resource level) from several projects:
- 100 percent working interest in the Birchwood project;
- Approximately 60 percent working interest in the Marathon-operated Namur project;
- 20 percent working interest in the Chevron-operated Ells River project; and
- 33.33 percent working interest in the Shell-operated Saleski project.
Technology Development
As an AOSP partner, Marathon is working to develop technologies to reduce the impacts of oil sands mining operations. We are working with the operator to address current issues related to resource recovery, water use, carbon dioxide (CO2) emissions and tailings deposition.
We are entering the evaluation phase in the technology development for an alternative to the hot water process for extracting bitumen from oil sands. This alternative extraction process has the potential to change the way oil sands energy is developed worldwide. Once proven, it would lower the oil sands mining energy requirement, increase bitumen recoveries and lower capital expenses.
In addition, Marathon is developing a heavy oil upgrading technology with applications in our Company-operated in-situ oil sands leases. Bitumen deposits are too deep for mining and extraction in these in-situ leases. A demonstration plant is being constructed in Marathon Petroleum Company's Catlettsburg, Kentucky, refinery to progress the technology development and verify the positive results attained in the pilot plants. If successful, the upgrading technology could be used to benefit steam assisted gravity drainage (SAGD) and other projects.
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Marathon’s commitment to the community is deeply rooted in our core values. Our employee-run Books for Bioko program collects supplies for schools in Equatorial Guinea.
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