Step That Marathon Oil Corp. Could Take to Reduce the Time Involved in the Production Process

Houston, Texas originated Marathon Oil Corporation is, worldwide oil - natural gas

exploration and production company that performs exploration activities in the United States,

Canada, Norway, Angola, Equatorial Guinea, and Developmental activities are performed in

the United States, the United Kingdom, Norway, Gabon, and Equatorial Guinea. Besides exploration and production operations, Marathon implements marketing and transportation operations. Company markets and transports its own and third-party natural gas, crude oil,

liquefied natural gas and methanol in the US, Europe and also West Africa.

Marathon operates the majority of the refinery across the Midwest, Gulf Coast, and upper

Great plains and southeast regions.

Approximately 30,000 employees are working for Marathon Oil Corp. today.

Time involved production process and accordingly transportation costs are the most

effective factors on oil prices. Petroleum products are being transported by railroad, by trucks

or by tanker ships. According to the transportation research statistics reports; the most expensive

method of transportation is land routes. Railways are at least 2 times, maritime line 8 times, pipe lines 5 to 6 times more expensive. Besides, land route transportation causes extra problems, and sometimes losses.

My “magic word” is: PIPE LINE.

Pipelines transportation is the best solution in many ways. Liquid petroleum pipelines also can be built under the sea. That process is economically and technically very demanding. Oil pipelines are made from steel or plastic tubes and transport rate is determined by the diameter of the pipe, and requires large investments. But after activation of the pipeline, service provides great convenience and pays for itself quickly. System brings a mass transportation advantage that can carry long distances without interruption, generates significantly time advantage, does not affected by the weather conditions, and...