MAREX PETROLEUM CORPORATION was formed in 1982 to identify, develop and bring to maturity on a risk basis and through an association with partners, energy-related business opportunities world-wide. Particular emphasis has been placed on a balanced portfolio of projects in mature areas for limited risk and frontier areas for growth.
Brief History and Track-Record
To date, Marex has conducted 16 projects in 10 countries with 15 partners and associates. As a part of the projects mentioned above Marex has been directly involved with the evaluation, the award and subsequent management and/or field operations for 12 oil concessions. Three of these have the following ultimate recoverable reserves: Sidi el Kilani (Tunisia) 60 MM BBLS, Jarn Yaphour (Abu Dhabi, UAE) 100 MM BBLS. Bermejo (Ecuador) 25MM BBLS.
Areas of previous activity or exposure:
Marex has pioneered business opportunities in Europe, Africa, the Middle-East, the Far-East, and Latin America, and has maintained regular business and technical contacts with the petroleum granting and supervisory authorities in several of the above-named countries. Through the involvement of Robert Bertagne, its President, it also maintains personal relations with members of the above governments in various positions of authority.
Marex is positioned for a major growth phase in the forthcoming years through its exposure in the Mozambique Channel where spectacular discoveries have been made on the acreage Marex has recommended for acquisition.