CMS Energy Corp.'s Equatorial Guinea assets include 52.4% interest in, and operatorship of, the offshore Alba Block, which contains the currently producing Alba gas field as well as undeveloped oil and gas discoveries, and several undrilled exploration prospects; 37.6% interest in the adjacent offshore Block D; 52.4% interest in a condensate separation facility, onshore Bioko Island; 45% interest in a joint venture onshore methanol production plant; and 43.2% interest in an onshore Liquefied Petroleum Gas (LPG) processing plant.
CMS Energy - Equatorial Guinea Assets was acquired by Marathon Oil on January 03, 2002.
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Out of 60 sectors in the Mergr database, oil/gas exploration ranked 20 in number of deals in 2002. The largest oil/gas exploration acquisition in 2002 was Westcoast Energy - which was acquired by Duke Energy for $8.0B.
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