Marathon Oil Boosts Production at Droshky Development in GOM

The Droshky development has ramped up production to about 45,000 net barrels of oil equivalent per day, consisting of approximately 39,000 barrels per day of liquid hydrocarbons and 39 MMcf/d of natural gas. The satellite development consists of four wells tied-back to the third-party Bullwinkle platform.

According to Marathon, three of the four wells are currently producing at better-than-projected levels, while production from the fourth well was delayed due to an equipment issue. In the first quarter of 2011, Marathon plans to re-enter the fourth well to make necessary repairs. The field is now expected to produce at a peak rate of about 45,000 net boepd, down from the original rate of 50,000 net boepd.

Located on Green Canyon Block 244 in deepwater Gulf of Mexico, Droshky is situated in 2,900 feet (884 meters) of water about 137 miles (220 kilometers) southwest of Venice, Louisiana.

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