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AMKBF AP Moller Maersk (PK)

1,399.30
0.00 (0.00%)
10 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
AP Moller Maersk (PK) USOTC:AMKBF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,399.30 1,375.54 1,520.33 0.00 21:00:04

Danish Oilfields June Output Fell 9% On Year

05/07/2012 11:46am

Dow Jones News


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COPENHAGEN--The Danish North Sea-based oil fields kept their gradually declining output largely stable in June, but still produced significantly less oil and gas than a year earlier, Maersk Oil and Gas A/S, which operates the fields, said Thursday.

The June output fell 0.3% on the month, to 179,700 barrels of oil equivalent a day, from 180,200 in May. On the year, however, the output declined 9% from 197,400 barrels of oil equivalent a day.

The oil fields are owned by Danish Underground Consortium, or DUC, a joint venture between Maersk (39%), Royal Dutch Shell PLC (46%) and Chevron Corp. (15%), but all 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 declining.

-Write to Flemming Emil Hansen at flemming.hansen@dowjones.com

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