Marathon Oil is said to be shutting down Brae Field, its North Sea oilfield. The American exploration and production company is known to have already submitted plans for the decommissioning of this field, which is located 168 miles northeast of Aberdeen.

According to insiders, this oilfield, which peaked production in the late 1990s, has been on the block for many years. "They have been trying to sell it but nobody wanted it," an insider said. However, the decision to accelerate the decommissioning process was taken after a high-pressure gas leak broke out from one of its platforms.

http://www.ibtimes.co.uk/marathon-oil-close-its-north-sea-oilfield-amid-gas-leaks-1553186

Marathon quashes talk of imminent decommissioning of Braeshes talk of imminent decommissioning of Braearathon quashes talk of imminent decommissioning of Brae.

Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.

The company moved to clarify the situation concerning Brae, about 170 miles north-east of Aberdeen, after a report said Houston-based Marathon had already passed its decommissioning plans to the Department of Energy and Climate Change (Decc).

https://www.energyvoice.com/oilandgas/north-sea/105883/marathon-quashes-talk-imminent-decommissioning-brae/?utm_source=Sailthru&utm_medium=email&utm_campaign=EV%20Daily%20Newsletter%202016-04-06&utm_term=Energy%20Voice%20-%20Newsletter