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Are these two sales a sign of an oil and gas opportunity?

Posted on 19 December 2013

A couple of interesting events the last few weeks from the established oil basins of the North Sea. It appears that a number of high-profile E&Ps are moving out of the mature fields here.
U.S. oil major Marathon said last week that it is beginning the process to sell its North Sea holdings. A significant portfolio that’s expected to go for $3 billion. Elsewhere in the basin, stalwart European producer Wintershall (a subsidiary of chemical maker BASF) said it is also down-sizing its North Sea assets. Selling $375 million in properties to Hungarian energy firm MOL Group………………………………………..Full Article: Source


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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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