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 | |
---|---|---|---|---|---|---|---|---|---|---|
-75.00 | -4.62% | 1,550.00 | 1,320.12 | 1,918.00 | 1,550.00 | 1,550.00 | 1,550.00 | 20 | 21:56:43 |
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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