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MARATHON OIL LTD., U.K.: EAST BRAE INSTALLATION COMPLETE

 HOUSTON, June 7 /PRNewswire/ -- Marathon Oil Ltd., U.K., operator of the Brae Group, has completed installation of the East Brae platform in the U.K. North Sea, 165 miles northeast of Aberdeen, Scotland, it was announced today.
 East Brae is expected on stream in mid-December of this year.
 East Brae contains gross recoverable reserves of over 300 million barrels of liquids and 1.5 trillion cubic feet of natural gas. Peak production is forecast to exceed 100,000 gross barrels daily.
 In October of next year sales of gas from the Brae area will commence via the SAGE transportation system. Initial throughput of 270 million cubic feet per day will eventually rise to 350 mmcfd.
 Co-venturers in East Brae are: Marathon Oil U.K., Ltd. (a wholly owned subsidiary of Marathon Oil Company (NYSE: MRO), a unit of USX Corporation), 35.84 percent; Britoil plc (a wholly owned subsidiary of BP Exploration), 25.58 percent; Bow Valley Petroleum (U.K.) Limited, 13.28 percent; Kerr-McGee Oil (U.K.) PLC, 7.46 percent; British Gas Exploration and Production Limited, 6.494 percent; LL&E (U.K.) Inc. (a wholly owned subsidiary of the Louisiana Land and Exploration Company), 5.886 percent; Sovereign Oil & Gas PLC, 3.82 percent; British-Borneo Oil & Gas Limited, 1.64 percent.
 /delval/
 -0- 6/7/93
 /CONTACT: William P. Ryder, 713-296-3915, or Michael R. Dixon, 713-296-3912, both of Marathon Oil Company/
 (MRO)


CO: Marathon Oil Ltd., U.K. ST: Texas IN: OIL SU: JVN

CD -- PG008 -- 5918 06/07/93 10:09 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:257
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