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Old 13th Dec 2013, 11:29
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Richard Taylor
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Marathon

BBC News - Marathon Oil selling UK offshore assets

The latest to put its assets in the UKCS up for sale; in this case its entire UK assets including Brae. Wants to concentrate on shale oil/gas in the US apparently, seeing greater value there.

Any implications for CHC depending on who picks up the assets?

Impression I get is the larger North American companies are beginning to draw back from the North Sea - Talisman, Chevron (allegedly) & now Marathon.
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