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.
Our spirit of innovation and commitment to delivering superior products that address even the most complex challenges drives Marathon’s legacy of technical excellence.
Alvheim FPSO production Milestone
On November 8, 2010, Marathon's Alvheim floating production, storage and offloading (FPSO) vessel achieved an historic milestone of 100 million barrels gross production. The vessel has current average daily gross production of approximately 140,000 barrels of oil equivalent (boe) per day and continues to perform well above original expectations.
The development includes the regions of Alvheim, Vilje and Volund in the Norwegian sector of the North Sea. First production at the Alvheim development began on June 9, 2008.
"The Alvheim development has been a great success story for the Company," said Mitch Little, managing director, Marathon Petroleum Norge AS. "This significant milestone was achieved earlier than expected and is the direct result of a value-focused, highly competent and fully integrated workforce across all aspects of our business. The team has delivered production at levels above original projections while ensuring top-quartile reliability, as well as excellent safety and environmental performance."
Marathon holds a 65 percent working interest in the Alvheim fields and serves as the operator. Marathon's partners in the Alvheim development are ConocoPhillips Skandinavia AS with a 20 percent working interest, and Lundin Norway AS, which holds the remaining 15 percent interest. The Alvheim fields are located in Production Licenses (PL) 203, 088BS and 036C on the Norwegian Continental Shelf.
Marathon has a 46.9 percent interest in the Vilje field, a subsea development tieback to Alvheim. Vilje is located in PL 036 and Marathon's partners are Statoil Petroleum AS (operator) with a 28.9 percent interest and TOTAL E&P Norge AS with the remaining 24.2 percent interest.
Marathon has a 65 percent interest in Volund and serves as the operator, while Lundin Norway AS holds the remaining 35 percent interest. The Volund field is a tieback to the Alvheim FPSO and has been in continuous production since April 2010.
Media Contacts
CORPORATE
Lee Warren
P. +1.713.296.4103
mediarelations@marathonoil.com
John R. PorreTto
P. +1.713.296.4102
mediarelations@marathonoil.com
EUROPE
Emma White (Aberdeen)
P. +44 1224.803020
ewhite@marathonoil.com
Kurt Michelsen (Stavanger)
P. +47 51 90 70 84
kmichelsen@marathonoil.com
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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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