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The West African nation of Equatorial Guinea holds key Marathon Oil base assets. The Company’s current holdings include a 63 percent (65 with government carry) working interest in the Alba Field, a 52 percent equity interest in the Alba liquefied petroleum gas (LPG) plant, a 45 percent equity interest in Atlantic Methanol Production Company LLC (AMPCO) and a 60 percent equity interest in a liquefied natural gas (LNG) production facility on Bioko Island. High reliability helps boost production and income.
The Alba Field’s offshore condensate/ natural gas production site is one of the largest producers in the Gulf of Guinea. Condensate and natural gas are extracted from the platform and sent to the onshore Gas Plant at Punta Europa for processing into various products, including propane and butane. In addition to the hydrocarbon production and extraction facilities, the industrial complex located on Punta Europa includes terminals and export facilities for five different liquid hydrocarbon products.
Approximately 130 mmcfd gross of the dry gas remaining after the condensate and LPG are removed is supplied to the AMPCO plant on Bioko Island, where it is used to manufacture 3,000 gross tonnes of methanol per day. In addition, Marathon Oil and its partners operate a 3.7 million gross metric tonnes per annum (mmtpa) gas liquefaction facility.
Marathon established our Alba exploration and production area in early 2002. Since then, we have initiated and participated in social responsibility initiatives addressing critical health, social, education and other issues in EG. We continue to work with our business partners, the EG government, and international non-profit and research organizations on programs including: