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Bloomberg: Denmark’s DUC Says January Oil, Condensate Output Drops 4.3%

By Bunny Nooryani

Feb. 15 (Bloomberg) — Dansk Undergrunds Consortium, which accounts for more than 80 percent of Denmark’s petroleum output, said oil and condensate production fell 4.3 percent in January from a month earlier.

Production averaged 278,000 barrels a day in January, from 290,500 barrels a day a month earlier, Maersk Oil, which operates the venture, said on its Web site today. The group’s natural-gas output rose to 853 million standard cubic meters in January from 828 million cubic meters the previous month.

Dansk Undergrunds Consortium, or DUC, was set up in 1962 to explore and develop Denmark’s petroleum resources. The group’s output comes from 14 fields in the Danish North Sea.

Maersk Oil is the oil-production unit of A.P. Moeller-Maersk A/S, the world’s biggest shipping company. A.P. Moeller holds 39 percent of DUC. Other partners include Royal Dutch Shell Plc with 46 percent and Chevron Corp. with 15 percent.

To contact the reporter on this story: Bunny Nooryani in Oslo at [email protected]

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