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Marathon Norway Share Fair

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Presentation on theme: "Marathon Norway Share Fair"— Presentation transcript:

1 Marathon Norway Share Fair
20 April 2006

2 Forward Looking Statement
Except for historical information, this presentation contains forward-looking information with respect to the Alvheim/Vilje and Volund developments, including future exploration, drilling, production and development plans. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied from such information. In accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Marathon Oil Corporation has included in its Annual Report on Form 10-K for the year ended December 31, 2005, and in subsequent Forms 10-Q and 8-K, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements.  Date and Tracking Info Here

3 Date and Tracking Info Here
Alvheim Brae Area Foinaven Kinsale Corrib London Aberdeen Stavanger Cork Marathon Blocks Marathon Offices Date and Tracking Info Here

4 Production Core Area: Europe
Operator of Brae platform and pipeline complex in Central North Sea 3 major platforms 7 producing fields 19 third-party fields Non-Operator at Foinaven Increasing position in Norway Heimdal gas hub Alvheim development Exploration programme Only producer of natural gas offshore Ireland – 2 producing platforms Date and Tracking Info Here

5 Pro-active pursuit of growth in Norway
Partner in Heimdal area since 1975 Existing production from Heimdal, Vale, and Skirne Operator from 2002 Awarded 8 licenses in the 2003 & 2004 rounds Progressing development of Alvheim field Partner in Vilje - discovery 2003 – current development by Norsk Hydro back to Alvheim Operator for Volund discovery progressing development concept approval Date and Tracking Info Here

6 Date and Tracking Info Here
Marathon in Norway Date and Tracking Info Here

7 Date and Tracking Info Here
The Alvheim Area Date and Tracking Info Here

8 Alvheim/Vilje Subsea Layout
Date and Tracking Info Here

9 FPSO Facility - Scope of Work
Topsides process design, supply, installation, hook-up and commissioning Hull upgrade, remediation and refurbishment Turret/mooring/swivel design, supply installation, and integration Installation of FPSO moorings, risers and riser bases Date and Tracking Info Here

10 Alvheim Development Project
Project on schedule for production early 2007 FPSO vessel upgrade completed at Keppel, Singapore Subsea contract with Technip, Norway Turret, Mooring and Swivel nearing completion with APL, Norway Topsides Contract to Vetco Aibel Main equipment and bulk materials ordered Heavy lift on to vessel planned mid summer Drilling contracts all awarded; rig Deepsea Bergen Tanker offloading to Teekay Operations and Maintenance contract awarded to Maersk Contractors Date and Tracking Info Here

11 FPSO Long Term Operations
Maersk Contractors Norge AS will “run” the FPSO with their personnel, providing all services and materials Tendering throughout 2006 Maersk contact is Tom Sanders, telephone Marathon will directly source certain FPSO requirements e.g. logistics Marathon will directly contract for all subsurface, drilling, well and subsea intervention work Date and Tracking Info Here

12 Date and Tracking Info Here
Volund Development Licence PL150; Marathon 65%, Lundin 35% Oil and gas discovery in 2004 Currently completing feasibility studies which indicate Tie-back to Alvheim Minimal modifications to Alvheim FPSO Two to three subsea wells Separate flowlines and risers to Alvheim PDO submission 3Q 2006 Definition studies awarded and expect to bid for implementation activities late 2006 Date and Tracking Info Here

13 Date and Tracking Info Here
Norway Exploration Three licenses awarded in the 2003 Pre-Defined Areas Round Marathon is designated Operator for two licenses Five licenses awarded in APA 2004 Marathon is designated Operator for four licenses Partner in the Gudrun license Exploration Team located in Stavanger and actively seeking new opportunities to grow beyond current license position Date and Tracking Info Here

14 Procurement Strategies
Procurement conducted from both Aberdeen and Stavanger offices for Alvheim Aberdeen – Alvheim Drilling and Logistics Stavanger – Alvheim facilities (complete) Aberdeen – All new procurements (Volund) Orders placed by Marathon Petroleum Company (Norway) All bidders sourced from Achillies JQS (Norway) and FPAL Systems Evaluation criteria and timescale in enquiry Use Standard Contracts with few exceptions Date and Tracking Info Here

15 Our Expectations from Suppliers
Register on FPAL – complete capability profile keep details up to date Do the same in Achilles JQS for Norway work Still need to promote your own business Provide innovative solutions Demonstrate the advantages in dealing with you Seeking new technology and “Best Practices” How can you “Add Value” to our business Date and Tracking Info Here

16 Services Procurement Personnel
NAME DISCIPLINE PHONE Bob Hill Supply Chain Manager Heather Milne All Drilling Services James Macgregor Services for Projects work Mike Boyd All services for Norway Mark Hood Strategic Sourcing Manager, Houston office Rob Lair World Wide Supply Chain Manager, Houston office Noel Garza Vice President, Global Procurement, Houston office Date and Tracking Info Here

17 Date and Tracking Info Here
Management Personnel NAME DISCIPLINE PHONE Roger Wilson Managing Director Pete Oswald Alvheim Project Director Geir Solli Operations Manager Keith O’Donnell Alvheim Project Manager Bryan Wallace Engineering Manager George Caloudis Business Manager Steve Wherry Exploration Manager John Stevenson Volund Project Manager Al Kaplan Vice President, Major Projects, Houston office Date and Tracking Info Here

18 Marathon : Europe Business Unit Office Addresses
Aberdeen Marathon Oil U.K., Ltd. Marathon House Rubislaw Hill, Anderson Drive Aberdeen, AB15 6FZ Tel. (01224) London Marathon Oil U.K., Ltd. Capital House 25 Chapel Street London NW1 5DQ Tel. (020) Cork Marathon Oil Ireland Ltd. Mahon Industrial Estate Blackrock Cork, Ireland Tel. ( ) Stavanger Marathon Petroleum Company (Norway) Postboks 480 Sentrum Stavanger Norway Tel. (+47) Date and Tracking Info Here

19 Questions ?


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