Old North Sea field shutdown costs deter buyers

LONDON (Reuters) - The prospect of huge costs to retire UK North Sea oil and gas installations is deterring bidders for older fields put up for sale by larger companies, threatening to slow development of the region's remaining resources.

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Source: http://uk.reuters.com/article/2012/02/23/uk-north-sea-decommissioning-idUKTRE81M1I820120223?feedType=RSS&feedName=domesticNews

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