Base ProductionBioko Island, Equatorial Guinea
About our assets
With a regional office in Malabo, on Bioko Island, we’ve been active in E.G. since 2002. Marathon Oil operates the offshore Alba field, and we have equity interests in the Alba liquefied petroleum gas plant, Atlantic Methanol Production Co., and a liquefied natural gas production facility. Over the years, we’ve initiated and participated in social responsibility initiatives addressing critical health, social, education and other issues in E.G., including:
- Bioko Island Malaria Control Project (BIMCP), an innovative and successful approach to eradicating malaria
- Education, training and development of Equatoguineans to work in our facilities
- Efforts to improve maternal and infant health
- Support for E.G.’s participation in the Extractive Industries Transparency Initiative (EITI)
International E&P production averaged 92,000 net boed in 1Q 2019.
During the quarter, the Company successfully completed its planned triennial turnaround in E.G., with a return to full production levels achieved on schedule in early April.
The Company recently signed a definitive agreement to process third-party Alen Unit gas through existing infrastructure located in Punta Europa, E.G., a significant step toward solidifying Punta Europa as a cornerstone component of the E.G. Gas Mega Hub for the potential development of local and regional natural gas. First gas sales from the Alen Unit is expected in 2021, and will utilize available processing capacity not required by the Alba Field. Marathon Oil is the operator and majority shareholder of the integrated gas business at Punta Europa and will maintain market exposure through a combination of both profit sharing and tolling.
JOIN OUR TEAM IN E.G.
We’re looking for results-focused people with initiative to join our team in E.G. At Marathon Oil, you’ll be empowered to make a difference on the job, in your career and in the community.