Norway
Norway is a strategic and growing core area for Marathon, which complements the Company's longstanding operations at Brae in the U.K. sector of the North Sea. Marathon was approved for the Company's first operatorship on the Norwegian Continental Shelf in 2002, where today the Company operates eight licenses.
Alvheim
Marathon holds a 65 percent working interest in, and serves as operator of, the Alvheim development west of Heimdal. Marathon's partners in Alvheim are Norske ConocoPhillips AS, with a 20 percent working interest, and Lundin Norway AS, with the remaining 15
percent working interest.
- The Alvheim development is comprised of the Kneler, Boa and Kameleon fields and is estimated to contain risked resources of approximately 180 mmboe.
- Kneler is eight miles west of the Heimdal platform and was drilled into the prolific Heimdal formation to a total depth of 7,425 feet below sea level, encountering a net oil column of 115 feet.
- Boa was drilled to a total depth of 7,531 feet below sea level and encountered a 174-foot gross hydrocarbon column, with 82 gross feet of gas on top of 92 gross feet of oil in high-quality sands.
- There will be 10 producing wells and two water disposal wells in the Phase 1 drilling program, which will continue through the fourth quarter of 2008.
- A Phase 2 drilling program is planned in 2010/2011 for further production wells.
- The development provides for the transportation of produced oil by shuttle tanker, and transportation of produced natural gas to the existing U.K. Scottish Area Gas Evacuation (SAGE) system.
- First production began in June 2008.
Vilje
Marathon holds a 46.9 percent working interest in the nearby Vilje Field, with partners StatoilHydro (operator) holding a 28.9 percent working interest and Total E&P Norge AS with a 24.2 percent working interest.
- Vilje has two production wells and is tied back to the Alvheim FPSO.
- Production commenced in July 2008.
- Drilled into the Heimdal formation in 2003, Vilje reached a total depth of 7,446 feet and encountered a gross oil column of approximately 223 feet and is estimated to contain risked resources of approximately 54.6 mmboe.
Volund
The Volund Field, on the Norwegian Continental Shelf, is approximately six miles south of the Alvheim area. Marathon holds a 65 percent working interest in Volund and serves as operator, while Lundin Norway AS holds the remaining 35 percent working interest.
- In 2007, Marathon and its project partner received approval from the Norwegian Ministry of Petroleum and Energy for the companies' plan for development and operation (PDO) of the Volund Field.
- The development will include three producing wells and a water injection well and is estimated to contain gross risked resources of approximately 30 net mmboe.
- Volund will join the Vilje Field as the second third-party field to be developed as a subsea tieback to Alvheim.
- Volund crude oil will be incorporated into the Alvheim blend and exported via shuttle tankers. Associated gas will be exported via the Alvheim-to-SAGE pipeline.
- The Volund development is expected to begin production during 2009.
Gudrun
In 2006, Marathon announced a successful appraisal well on the Gudrun prospect that significantly improved the overall potential for a commercial development. Marathon is working with its partners on additional subsurface studies and the evaluation of potential development scenarios. First production from Gudrun is expected in 2013+. Marathon holds a 28.2 percent working interest in the Gudrun Field. StatoilHydro is the operator.
Exploration
Marathon holds interests in more than 700,000 gross acres offshore Norway. The Company has committed to drill two further exploration wells in 2008/2009 on the Bjørn (PL311) prospect and Marihøne (PL340).
Marathon Petroleum Company (Norway)
Bjergstedveien 1
N-4007 Stavanger, Norway
Mailing Address:
Postboks 480 Sentrum
N-4002 Stavanger, Norway
Phone: +47 51-50-63-00
Fax: +47 51-50-63-01
