Marathon Oil disagrees with reports of North Sea site closure

Marathon Oil disagrees with reports of North Sea site closure

US oil giant Marathon Oil (NYSE:MRO) denied the claims that it wants to speed up the closure of the critically important Brae Field North sea site yesterday.

Media reported the firm would close the giant site earlier than planned after a difficult gas leak last year in December.

Sir Ian Wood, former chairman of Wood Group, said the closure of Brae would result in a loss of production from 13 other North Sea oil fields.

A spokesman from Marathon said it is factually incorrect and the decommissioning of the site had been in the pipeline for multiple years.

“There is no linkage between the decommissioning planning programme and the December Brae Alpha incident,” the spokesman said.

“Decommissioning planning has been underway for several years. We’ve engaged in industry forums during that time and have made numerous presentations at various conferences. Marathon Oil is committed to clear and open communication throughout the process.”

@RGNonline