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Marathon gas discovery near Alba field Equatorial Guinea

Posted: 25 July 2003

Marathon Oil Corporation through its wholly-owned subsidiary Marathon E.G. Production LTD, announced a natural gas discovery on Block D offshore Equatorial Guinea.

The discovery well is on the Bococo Prospect, located in 238 feet of water, approximately six miles west of the Alba gas/condensate field. The well was drilled to a total measured depth of 6,110 feet and encountered 185 feet of net dry gas pay.

The well has been suspended for re-entry at a later date. The Bococo gas discovery complements the adjacent dry gas discoveries on Block D for future development.

"Current plans call for this gas to be developed through the proposed liquefied natural gas project associated with the Alba Field on Bioko Island, a component of Marathon's integrated gas strategy," commented Philip Behrman, Marathon senior vice president of Worldwide Exploration.

Marathon is the operator of Block D with a 90-percent interest along with SK Corporation holding the remaining 10 percent.

Marathon is an integrated energy company engaged in the worldwide exploration, production and transportation of crude oil and natural gas.

Through Marathon Ashland Petroleum LLC, the company also refines, markets and transports petroleum products in the United States.

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Posted by Richard Price, Editor

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