Marathon and partners award front end engineering and design contract for train 2 LNG project in Equatorial Guinea

Marathon Oil Corporation, through a wholly owned subsidiary; Sonagas, the National Gas Company of Equatorial Guinea; Mitsui & Co., Ltd., and a subsidiary of Marubeni Corporation, ("the Shareholders") in Equatorial Guinea LNG Company Limited (EG LNG Co), announced today that the companies have awarded a front end engineering and design (FEED) contract to Bechtel for initial work related to a potential second liquefied natural gas (LNG) train on Bioko Island, Equatorial Guinea. The FEED work is expected to be completed by the end of the first quarter 2007. The value of the FEED contract was not disclosed.