MARATHON ESTABLISHES RUSSIAN OPERATIONS
ORGANIZATION HEADED BY RAMON G. CLEMENTS
HOUSTON, April 29 /PRNewswire/ -- Marathon Oil Company (NYSE: MRO) announced today that it has elected Ramon G. Clements to the position of vice president, operations-Russia.
The primary responsibility assigned to the new unit is the Sakhalin Island project in the Russian Far East. Marathon is participating in a comprehensive study of the technical, commercial, financial and legal aspects of the development of two world class oil and gas fields offshore Sakhalin Island.
Clements, a native of Olney, Ill., received a BS degree in petroleum engineering from the University of Tulsa in 1959. He joined Marathon in 1964, and held a number of assignments in five states. In 1978 he was named district operations manager in Cody, Wyo. Two years later he became district manager for the Gulf Coast Offshore District in Lafayette, Loer, and manager of operations planning, before being named in 1986 to his most recent position as vice president, engineering & technology, Worldwide Production.
Clements is a member of the Society of Petroleum Engineers of AIME, the American Petroleum Institute, the Mid-Continent Oil & Gas Association and recently completed a three-year term as a steering committee member with the Gas Research Institute. In 1988 the secretary of the Department of the Interior appointed him to a two-year term on the policy committee of the Outer Continental Shelf Advisory Board. He is a member of the Petroleum Engineering Department Advisory Committee for the University of Tulsa and previously served in that capacity for the University of Texas.
Assuming other newly created positions related to Sakhalin Island are: Jack B. Hilburn Jr., manager; Ronald E. Antes, deputy manager; W. "Bill" Watson, oil and gas development manager; Richard E. Yehle, finance and administration manager; and David G. Kennedy, contracts and negotiations manager.
Additionally, Dennis C. Francis, Marathon's CIS Joint Ventures manager, now reports to the new Operations-Russia organization.
All positions are currently located in Houston and are effective as of April 1, 1992.
Hilburn, who joined Marathon in 1976, had served as manager, operations and construction services, engineering and technology, Worldwide Production, prior to this appointment.
Antes, with Marathon since 1972, has been project manager, Sakhalin Project, for the CIS Joint Ventures group during the project's tender phase. Prior to that, he was engineering design manager, operations and construction services, Worldwide Production.
Watson was production manager for Marathon's Alaska Production Region. He joined Marathon in 1982 in Aberdeen, Scotland where he served as manager of production for the Brae "B" platform prior to moving to Anchorage in 1990.
Before joining the Sakhalin Island project team, Yehle was manager, operations planning-Exploration & Production. He joined Marathon in 1974.
Kennedy, with the company since 1968, was previously commercial manager, CIS Joint Ventures, International Exploration.
A consortium comprised of Mitsui & Co., Ltd., and subsidiaries of Marathon Oil Company and McDermott International, Inc. recently signed a definitive agreement with the government of the Russian Federation which provides exclusive negotiating rights and the charge to conduct a detailed feasibility study for the development of the Piltun-Astokhskoye and Lunskoye oil and gas fields offshore Sakhalin Island.
The consortium, in cooperation with P/O Sakhalinmorneftegas and representatives of the Sakhalin Administration, is now engaged in the study. The findings will be submitted by the end of the year to appropriate bodies of the Russian government for review and a final decision on actual development.
/CONTACT: William P. Ryder of USX Corporation, 412-433-6880/
(MRO) CO: Marathon Oil Company ST: Pennsylvania, Texas IN: OIL SU: PER
CD -- PG009 -- 4446 04/29/92 13:43 EDT