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New infrastructure players to help UK North Sea in twilight years

Screen Shot 2014-06-23 at 11.37.41Extract from a Reuters article by CLAIRE MILHENCH published 1 July 2014

(Reuters) – The ageing oil and gas network of the UK North Sea is seeing a welcome rise in interest from infrastructure specialists and pension funds, giving oil majors a chance to offload unwanted assets and ultimately improve recovery from mature fields. Talisman, Shell and Marathon all have North Sea assets on the block, but buyers are getting picky. In June, Marathon failed to sell its Brae facilities, saying it had received no “acceptable offer”.

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