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.
HIGH OPERATING Reliability PAYING DIVIDENDS
High operating reliability is central to Marathon's ability to profitably grow production. Since 2009, we have seen a direct linkage between this key aspect of operational excellence and increased production and revenues. In 2010, we had 94 percent operational reliability across our major company operated assets.
Marathon's Equatorial Guinea LNG (EGLNG) facility operational availability was 97.2 percent in 2010, compared to 95.5 percent in the prior year. High reliability, coupled with innovative process optimization in 2009 and 2010, increased gross production to 3.75 million metric tonnes of LNG in 2010. Through the first quarter of 2011, EGLNG achieved 100 percent operational availability.
Marathon operated the Alba Field and Alba liquefied petroleum gas plant at 92.1 percent operational availability in 2010, and 99.4 percent in the first quarter of 2011.This world-class operation continues to provide significant production rates for Marathon and our partners.
In the Alvheim Development Area offshore Norway, overall reliability has exceeded expectations since start-up in June 2008. Improved reliability, combined with debottlenecking work, has increased the gross throughput capacity of the asset's floating production, storage and offloading vessel (FPSO) to 142 thousand barrels of oil per day (mbopd), up from the original design of 120 mbopd.
Alvheim's 2010 performance of 91.8 percent operational availability was in the top quartile for North Sea assets according to McKinsey & Company's annual benchmarking survey. First quarter 2011 operational availability performance achieved 95.5 percent.
The Brae complex ranked number one in production efficiency according to the 2010 McKinsey analysis of assets in the U.K. North Sea. Marathon achieved 92.5 percent operational availability in 2010, and 92.9 percent in the first quarter of 2011.
Marathon attained 98.3 and 99.5 percent operational availability reliability in our Gulf of Mexico and Alaska assets, respectively, in 2010. The first quarter of 2011 has seen performance of 97.0 and 100 percent for these operations.
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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