DUC February Oil Output Falls

15 March 2010 (Last Updated March 15th, 2010 18:30)

The Danish Underground Consortium (DUC)'s oil output from the Danish part of the North Sea fell about 2% in February from January, operator AP Møller-Maersk said on Tuesday. The Danish energy and shipping giant also said condensate output fell to 225,600bpd in February from 23

The Danish Underground Consortium (DUC)'s oil output from the Danish part of the North Sea fell about 2% in February from January, operator AP Møller-Maersk said on Tuesday.

The Danish energy and shipping giant also said condensate output fell to 225,600bpd in February from 230,300bpd in January, Maersk said.

Production was down from a year-ago level of 246,200bpd.

Maersk said DUC production of natural gas fell to 650
million cubic metres in February from 700 million cubic metres in January, but was up from 630 million cubic metres in February last year.

DUC is responsible for most of the crude oil output from
Denmark's North Sea oil and gas fields.

Denmark is the third-biggest producer in western Europe after Norway and the UK. AP Møller-Maersk owns 39% of DUC.