From this morning:
Reminder for later: Brent, Equinor, Mariner, Brassey
Now this:
Marathon (MRO) will exit the UK North Sea.
Marathon Oil is selling its minority stakes in the Foinaven fields in
the west of Shetland area operated by BP and interests in the Brae
complex northeast of Aberdeen in a sales process run by Jefferies. Bids
are expected by December this year.
According to banking sources, Marathon Oil’s assets in the UK North Sea could fetch up to US$200 million.
Marathon Oil’s assets in the North Sea produce a total of 15,000 barrels
of oil equivalent per day, and the resource base is of 31 million
barrels.
The company has allocated more than 90 percent
of its 2018 development capital to the U.S. resource plays in which it
has positions—the Permian, the Eagle Ford, the STACK/SCOOP, and the
Bakken.
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