Marathon Makes New Gas Discovery Near Alba Field

Marathon Oil has made 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 reentry 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.
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