Marathon Oil makes natural gas discovery off Equatorial Guinea

By OGJ editors
HOUSTON, July 23 -- Marathon E.G. Production Ltd., a unit of Marathon Oil Corp., reported making a natural gas discovery on Block D off Equatorial Guinea. The discovery well is on Bococo prospect in 238 ft of water about 6 miles west of Alba gas-condensate field.

The well, which was drilled to 6,110 ft TMD, found 185 ft of net dry gas pay. The well has been suspended for reentry at a later date. "The Bococo gas discovery complements the adjacent dry gas discoveries on Block D for future development," Marathon said.

Plans call for the gas to be developed through the proposed LNG project associated with Alba field on Bioko Island, explained Philip Behrman, Marathon senior vice-president, worldwide exploration.

Marathon serves as operator of Block D with 90% interest. South Korea's SK Corp. holds the remaining block interest.

Related Articles

Marathon cuts 2015 budget amid ‘current price environment’

12/18/2014 Marathon Oil Corp. expects to spend $4.3-4.5 billion in its capital, investment, and exploration budget for 2015. That total represents a 20% decli...

The Big Crew change is here

10/27/2014 A phenomenon known as the Big Crew Change is under way in the oil and gas industry as the baby boomer generation reaches retirement age, and the in...

Det Norske to buy Marathon Oil’s Norway business for $2.7 billion

06/02/2014 Det Norske Oljeselskap ASA has entered into a definitive agreement to acquire Marathon Oil Norge AS, a wholly owned subsidiary of Marathon Oil, for...

Marathon to buy retail unit from Hess for $2.87 billion

05/22/2014 Speedway LLC, a subsidiary of Marathon Petroleum Corp. (MPC), has agreed to acquire Hess Retail Holdings LLC, the East Coast’s largest chain of com...

Marathon proposes expansion at Garyville refinery

04/24/2014 Marathon Petroleum Corp. is taking the next step toward construction of a proposed $2.2-2.5 billion upgrade to its 522,000-b/d Garyville, La., refi...

People

02/01/2014

Marathon to ramp up US resource play activity

12/11/2013 Marathon Oil Corp. plans to accelerate its US resource play activity and market its North Sea assets in 2014, the company said at its analyst day i...

MARKET WATCH: US crude futures fall on budget, debt ceiling uncertainties

10/08/2013 Crude oil futures prices fell Oct. 7 in trading on the New York market as traders and analysts cited concerns about the budget stalemate in Washing...

KRG approves Iraq Atrush first phase oil development

10/07/2013 The Kurdistan Regional Government has approved first-phase oil development of the Atrush block in Iraq’s Kurdistan Region by a group led by TAQA.
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


Prevention, Detection and Mitigation of pipeline leaks in the modern world

When Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST



On Demand

Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected