marathon norway share fair 20 april 2006. date and tracking info here 2 forward looking statement...
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Marathon NorwayShare Fair
20 April 2006
Date and Tracking Info Here2
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.
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AlvheimAlvheim
BraeAreaBraeArea
FoinavenFoinaven
KinsaleKinsale
CorribCorrib
LondonLondon
AberdeenAberdeen
StavangerStavanger
CorkCorkCorkCork
Marathon Blocks
Marathon Offices
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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
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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 2004 - progressing development concept approval
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Marathon in Norway
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The Alvheim Area
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Alvheim/Vilje Subsea Layout
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FPSO Facility - Scope of WorkTopsides process design, supply,
installation, hook-up and commissioning
Turret/mooring/swivel design, supply installation, and
integration
Installation of FPSO moorings, risers and riser bases
Hull upgrade, remediation and refurbishment
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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
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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 01224 216810
Marathon will directly source certain FPSO requirements e.g. logistics
Marathon will directly contract for all subsurface, drilling, well and subsea intervention work
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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
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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
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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
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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
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Services Procurement Personnel
NAME DISCIPLINE PHONE
Bob Hill Supply Chain Manager 01224 803068
Heather Milne All Drilling Services 01224 803789
James Macgregor Services for Projects work 01224 803313
Mike Boyd All services for Norway 01224 803071
Mark Hood Strategic Sourcing Manager, Houston office
+1 713 296 2712
Rob Lair World Wide Supply Chain Manager, Houston office
+1 713 296 2729
Noel Garza Vice President, Global Procurement, Houston office
+1 713 296 3611
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Management Personnel
NAME DISCIPLINE PHONE
Roger Wilson Managing Director +47 51506303
Pete Oswald Alvheim Project Director +47 51506302
Geir Solli Operations Manager +47 51506311
Keith O’Donnell Alvheim Project Manager +47 51506307
Bryan Wallace Engineering Manager +47 51506393
George Caloudis Business Manager +47 51506330
Steve Wherry Exploration Manager +47 51506317
John Stevenson Volund Project Manager +47 51506324
Al Kaplan Vice President, Major Projects, Houston office
+1 713 296 4002
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Marathon : Europe Business UnitOffice Addresses
AberdeenMarathon Oil U.K., Ltd.Marathon HouseRubislaw Hill, Anderson DriveAberdeen, AB15 6FZ
Tel. (01224) 803000
LondonMarathon Oil U.K., Ltd. Capital House 25 Chapel StreetLondon NW1 5DQ
Tel. (020) 7298 2500
AberdeenMarathon Oil U.K., Ltd.Marathon HouseRubislaw Hill, Anderson DriveAberdeen, AB15 6FZ
Tel. (01224) 803000
LondonMarathon Oil U.K., Ltd. Capital House 25 Chapel StreetLondon NW1 5DQ
Tel. (020) 7298 2500
CorkMarathon Oil Ireland Ltd.Mahon Industrial EstateBlackrockCork, Ireland
Tel. (00 35321) 4357301
StavangerMarathon Petroleum Company (Norway) Postboks 480 Sentrum 4002 StavangerNorway
Tel. (+47) 51 50 63 00
CorkMarathon Oil Ireland Ltd.Mahon Industrial EstateBlackrockCork, Ireland
Tel. (00 35321) 4357301
StavangerMarathon Petroleum Company (Norway) Postboks 480 Sentrum 4002 StavangerNorway
Tel. (+47) 51 50 63 00
Questions ?Questions ?