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IndonesiaMarathon holds a 70 percent working interest in the 1.2 million-acre Pasangkayu Block offshore Indonesia. Located on and offshore the island of Sulawesi in the Makassar Strait, it is directly east of the prolific Kutei Basin oil and gas production region. Approximately 10 percent of the block is located on Sulawesi, with the remaining 90 percent in water depths up to 7,200 feet. Water depths for the prospects range from 4,500 feet to 6,900 feet. Marathon signed a Production Sharing Contract with the Indonesian government in 2006. The Company completed 3D seismic acquisition in May 2008. Marathon led a consortium of six companies to secure a two-year rig contract for Indonesia. The Global Santa Fe Explorer will commence drilling in Indonesia in 2010. The consortium has the option to extend this rig contract.
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