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.
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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.
Iraqi Kurdistan Region
The Iraqi Kurdistan Region is a new impact exploration entry for Marathon. In October 2010, we acquired a position in four exploration blocks giving us access to approximately 368,000 total net acres (650,000 gross) of world-class, underexplored onshore oil assets.
This is one of the last onshore regions with significant resource potential per prospect, offering the potential to establish oil production in the short- to mid-term.
We have signed production sharing contracts for operatorship and a 100 percent working interest (80 percent ownership) in two open blocks northeast of Erbil - Harir and Safen. The Kurdistan Regional Government holds a fully carried 20 percent interest.
In addition, Marathon was assigned a 20 percent working interest in the Atrush Block and 25 percent working interest in the Sarsang Block north-northwest of Erbil.
We participated in two discoveries during 2011. The Atrush-1 well was drilled to a total depth of approximately 11,000 feet and encountered 400 feet of net pay in the Jurassic zones. The Swara Tika-1 discovery on the Sarsang block was drilled to a total depth of approximately 12,500 feet and encountered 1,500 feet of gross oil column.
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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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