Company Profiles – Marathon Oil Corporation
Marathon Oil Corporation is headquartered in Houston, Texas and has global interests in the exploration and production of oil and natural gas. The company has a presence in North America, Europe, Africa and the Kurdistan region of Iraq.
In March 2017, the organization announced that it had concluded the sale of its Canadian subsidiary in Athabasca Oil Sands, a 20 percent operated interest. This is a mining operation that extracts bitumen for the production of synthetic crude oil.
Marathon has the following operations in the United States:
- Texas. This corporation has been operating an area within the Eagle Ford Shale play in the counties of Atascosa, DeWitt, Frio, Gonzales, and Karnes. They have wells operating in the Austin Chalk, Eagle Ford, and Pearsall formations.
- North Dakota. It has been operating the Bakken Shale oil play since 2006. Their concession covers several counties in North Dakota as well as Montana.
- Oklahoma. Marathon holds the exploration rights to several plays within the SCOOP and STACK areas in Oklahoma. They also have established production operations in nine oil fields within the state.
- New Mexico. The corporation has recently acquired a concession in the Northern Delaware basin. This is a play that has one of the highest margins of oil-rich resources in the world, coupled with a low development cost.
- Gulf of Mexico. Marathon holds an 18% non-operated working interest in the Gunflint field of the Mississippi Canyon block. This is located off the coast of Louisiana.
It also has an established presence in the United Kingdom, with a base in Aberdeen, Scotland. It operates three offshore platforms in the Brae Area and has been producing oil and natural gas in this location for over thirty years.
In Africa, it has assets in Equatorial Guinea and Gabon. Marathon Oil has a 63 % working interest in The Alba Field in Equatorial Guinea, with added interests in plants producing liquefied petroleum gas and methanol. The organization also holds a non-operated working interest in the offshore Diaba License in Gabon.
The corporation also has two non-operated interests in the Erbil region of Kurdistan, Iraq. These include the Atrush and Sarsang blocks.
Reported accidents and injuries have occurred in the following Marathon Oil facilities:
- September 2016. Five workers were building scaffolding at the Marathon Oil’s Galveston Bay refinery when it collapsed. One worker was killed.
- January 2012. A contractor employee working for Marathon Oil was monitoring tank levels. The storage tanks were filled with a mixture of crude oil, water, and gases. He failed to respond to a level alarm and was found dead on a catwalk. His death was found to be related to exposure to hydrocarbons.
- 1998. A worker was killed on an offshore platform while operating a crane lifting a heavy load. The crane broke free from its pedestal and crashed into the sea. The crane operator was unable to escape and died, while another worker was injured.
- 1976. A mechanic working on an offshore platform slipped and fell, injuring his back. He suffered spinal damage and sued the company.