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Bloomberg: Denmark’s DUC Says February Oil, Condensate Output Fell 1.7%

By Bunny Nooryani

March 19 (Bloomberg) — Dansk Undergrunds Consortium, which accounts for more than 80 percent of Denmark’s petroleum output, said oil and condensate production dropped 1.7 percent in February from a month earlier.

Production averaged 270,500 barrels a day in February, compared with 275,100 barrels a day a month earlier, Maersk Oil, which operates the venture, said on its Web site today. The group’s natural-gas output fell to 777 million standard cubic meters in February from 853 million cubic meters.

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]

Last Updated: March 19, 2007 05:41 EDT

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