Marathon’s Alba B3 platform enters production

Offshore staff

HOUSTONMarathon Oil Corp. has achieved first gas production through its Alba B3 compression platform off Equatorial Guinea.

"The Alba B3 compression project will allow us to maintain plateau production for the next two years, mitigating base decline, while extending the Alba field's life by up to eight years," said Mitch Little, Marathon Oil Vice President—Conventional.

Execution of the Alba B3 compression project involved engineering and construction in four countries with Heerema Fabrication Group serving as the general contractor. An Equatoguinean construction firm fabricated both the platform flare and bridge structures.

Production from the B3 platform allows Marathon Oil to convert about 130 MMboe of proved undeveloped reserves, which it said more than doubles its remaining proved developed reserve base in Equatorial Guinea.  

Marathon Oil's wholly owned subsidiary Marathon EG Production Ltd. holds around 65% working interest in the Alba field and is the operator, while Noble Energy, Inc. owns about 35%.

07/15/2016

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...