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Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit
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Marathon Oil exploring all ways to export condensate

By: | at 10:13 AM | Channel(s): Energy  Maritime  

U.S. oil and gas company Marathon Oil Corp is pursuing all ways to export the condensate it produces in places including the Eagle Ford in South Texas, Chief Executive Lee Tillman said.

“We are pursuing every avenue available to us to take advantage of the current regulatory environment to ensure we have the optionality to get our barrels, particularly condensate, out in the markets,” Tillman said on a conference call with investors.

The executive stopped short of saying that Marathon Oil had sought approval from the U.S. Department of Commerce to export the very light form of crude oil with minimal processing.