Marathon Alaska announces Ninilchik natural gas discovery.

• Position: Oil & Gas - Brief Article

Marathon Oil Co. has announced a significant natural gas discovery on its Ninilchik Prospect on the Kenai Peninsula, about 35 miles south of Kenai. Marathon currently estimates 90 billion cubic feet of gross proven recoverable gas reserves on the structure. Marathon is operator with a 60 percent working interest, while UNOCAL Alaska holds the remaining 40 percent.

"The Ninilchik discovery, together with our recent Wolf Lake production coming on line, demonstrate Marathon's continuing commitment to the Cook Inlet natural gas market,"...