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
