Bloomberg News

Denmark DUC November Oil Shipments Unchanged at Six Cargoes

October 05, 2011

(Updates with schedule details from second paragraph.)

Oct. 5 (Bloomberg) -- Crude oil shipments from Dansk Undergrunds Consortium, the producer part-owned by A.P. Moeller Maersk A/S, for November are scheduled to be unchanged from this month at six cargoes, a loading program obtained by Bloomberg News showed.

Exports for November will total 3.6 million barrels, or 120,000 barrels a day, the plan showed.

Copenhagen-based Maersk holds 39 percent of the venture, known as DUC. Royal Dutch Shell Plc owns 46 percent and Chevron Corp. has 15 percent. Maersk will receive three cargoes, Shell will get one and Chevron two, according to the schedule.

Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.

--Editors: Rob Verdonck, Raj Rajendran

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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