Marathon Drills Duster Offshore Canada

Marathon Canada Petroleum ULC reports that it did not encounter commercial quantities of hydrocarbons at the Crimson F-81 deepwater wildcat well offshore Nova Scotia. The Crimson well is located on the Annapolis block, Exploration License 2377, and 211 miles (340 kilometers) offshore southeast of Halifax in 6,861 feet (2,092 meters) of water. The well, which was drilled to a total depth of 21,903 feet, (6,676 meters) will be permanently plugged and abandoned.

Marathon and its partners will analyze data from the Crimson well to help determine next steps regarding the Annapolis discovery made in 2002, as well as the adjacent Cortland (Exploration License 2410) and Empire (Exploration License 2411) blocks.

Marathon holds a 30-percent interest in the Annapolis block and serves as operator. The remaining interests are held by EnCana Corporation with 26 percent, Norsk Hydro Canada Oil and Gas Inc. with 25 percent, and Murphy Oil Company Limited with 19 percent. In addition, Marathon is operator of the Empire and Cortland blocks with a 50 percent and 75 percent interest, respectively. Other interest owners in the Empire block are Murphy Oil Company Limited and Norsk Hydro Canada Oil and Gas Inc., each with a 25 percent interest. Murphy Oil Company Limited holds the remaining 25 percent interest in the Cortland block. The Empire and Cortland blocks are adjacent to the Annapolis block.