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