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IndonesiaIn 2006, Marathon was awarded a 70 percent interest and operatorship in the Pasangkayu Block offshore Indonesia. The approximately 1.2 million-acre block is on and offshore the island of Sulawesi in the Makassar Strait, directly east of the prolific Kutei Basin oil and gas production region. Approximately 10 percent of the block is located on Sulawesi with the remaining 90 percent in water depths ranging from 328 feet to more than 6,562 feet.
Marathon signed a production-sharing contract with the Indonesian government in the third quarter of 2006. Current exploration plans call for acquisition of 3-D seismic data to commence in 2007, followed by exploratory drilling in 2009. |
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