Europe > Northern Europe > Denmark > Danish Oilfields Output Down In March, Seen Up In April

Denmark: Danish Oilfields Output Down In March, Seen Up In April

2012/04/06

The output from Danish oil fields based in the North Sea fell 6.5% on the month in March, Maersk Oil and Gas A/S, which operates the fields, said Wednesday.

The march North Sea oil fields output fell to 176,100 barrels of oil equivalent a day, down from 188,400 barrels of oil equivalent a day in February, and from 189,500 in the year-ago March.

"Production is expected to increase in April to the same level as February," Maersk said, without qualifying further.

The oil fields are owned by the 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 is on the decline.

"The DUC production in March is in line with the production forecast for the month," Maersk said.

Florida State University
Related Articles

  • UNWTO: International tourism – strongest half-year results since 2010

    2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.

  • US LNG exports make European market more competitive

    2017/08/27 The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend. “Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.

  • Higher earning Why a university degree is worth more in some countries than others

    2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.

  • Low-cost housing, maximizing water surface

    2016/10/29 It is notoriously difficult for students to find affordable housing. A Danish developer has come up with a solution that can be docked right in the centre of Copenhagen Harbour. Made up of nine disused shipping containers, Urban Rigger is a prototype, a incomparable, carbon-neutral, floating mobile home. Spread over around 300 square metres, it includes twelve individual dorm rooms – with bathroom and kitchen – a courtyard, BBQ area and roof terrace.

  • Denmark is least corrupt; Somalia, NKorea the most

    2016/01/28 Public-sector corruption is still a major problem around the world but additional nations are improving than worsening and the United States and United Kingdom have reached their best rankings ever, an anti-corruption watchdog said Wednesday. Denmark remained at the top of Transparency International's Corruption Perceptions Index, a closely watched world barometer, for the second consecutive year as the country perceived as least corrupt. It scored 91 points out of a possible 100 while North Korea and Somalia remained at the bottom with unchanged scores of 8.
Denmark News
More >
UCLGA en
Trending Articles
standart Chartered
Eaton
Elsewedy Electric
Telecom Italia Sparkle