Marathon Oil Corporation (MRO) 2016年年度报告「NYSE」.pdf

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1、Dear Fel l ow Stockhol ders,Reflecting on 2016,Marathon Oil continued to exercise flexibil ity and discipl ine during an extremel y vol atil e year that saw WTI average bel ow$44 with l ows of$26 in the first quarter.Through this period we successful l y strengthened our bal ance sheet,reduced capit

2、al spending,l owered production and G&A costs,enhanced productivity,and progressed non-core asset sal es.Not onl y did we accompl ish our objective of l iving within our means incl usive of asset sal es,we del ivered E&P production above the midpoint of our guidance whil e spending significantl y l

3、ess than our original capital budget.We further simpl ified our portfol io through the successful execution of$1.3 bil l ion in non-core asset sal es,and opportunistical l y acquired a high qual ity position in Okl ahoma s STACK pl ay.Operational l y,we grew production in the Okl ahoma Resource Basi

4、ns by 40 percent year-over-year,as we increased activity there.Our Okl ahoma team focused on protecting our val uabl e acreage through l easehol d dril l ing,del ineation activity,and improving wel l performance through enhanced compl etion designs.In the Eagl e Ford we continued driving efficiencie

5、s and achieved record l ow compl eted wel l costs whil e maintaining operations at scal e.Additional l y,our Bakken team brought some of the best middl e Bakken and Three Forks wel l s to sal es in the entire basin over the l ast three years,whil e al so doing a remarkabl e job of maintaining base p

6、roduction l evel s with rel ativel y few compl etions.International l y,we brought onl ine the Al ba B3 Compression project in E.G.on time and on budget with first gas in the third quarter,extending pl ateau production and fiel d l ife.Our unit costs for both North America and International were bel