By Flemming Emil Hansen
COPENHAGEN--Production output from Danish North Sea oil fields
continued to decline in July, in line with expectations for the
mostly mature fields, operator Maersk Oil and Gas A/S said
Wednesday.
July output fell 4.3% on the month, to 172,200 barrels of oil
equivalent a day from 180,000 boe/d in June. On the year, output
declined 8.1% from 187,300 boe/d.
The fields are owned by Danish Underground Consortium, or DUC, a
joint venture between Maersk, with 31%, Royal Dutch Shell PLC
(RDSB) with 37%, Chevron Corp. (CVX) with 12% and the Danish
state's North Sea Foundation with 20%. All fields are operated by
Maersk Oil, a unit of A.P. Moller-Maersk A/S (MAERSK-B.KO).
The majority of the fields are so-called mature fields, where
the output rate has started on a gradual decline.
Write to Flemming Emil Hansen at
flemming.hansen@dowjones.com
