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AFX News Limited: AP Moller Maersk March North Sea oil, gas production falls yr-on-yr

04.19.07, 7:48 AM ET

COPENHAGEN (Thomson Financial) – AP Moller Maersk said oil production at its partly owned Dansk Undergrunds Consortium’s 14 oil fields in the North Sea totalled 281,300 barrels per day during March 2007, down 8 pct from a year earlier.

However, production increased 5 pct from February 2007, the group added.

The production of gas reached 426 mln cubic metres in March, down from 878 mln cubic metres a year earlier and 777 mln cubic metres in February, said AP Moller Maersk.

AP Moller Maersk owns 39 pct of Dansk Undergrunds Consortium while Shell and Chevron (nyse: CVX – news – people ) hold respectively 46 pct and 15 pct of the consortium.

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Copyright AFX News Limited 2007. All rights reserved.

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