Bloomberg News

Denmark’s March DUC Crude Oil Shipments to Rise to Six Cargoes

February 03, 2012

Feb. 3 (Bloomberg) -- Crude shipments from Dansk Undergrunds Consortium, the producer part-owned by A.P. Moeller Maersk A/S, are scheduled to climb to six cargoes in March, one more than this month, according to a loading program.

Exports will total 3.6 million barrels, or 116,129 barrels a day, compared with 103,448 barrels a day for February, the plan obtained by Bloomberg News shows.

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 four cargoes, Chevron and Shell will get one each, 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.

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

To contact the editor responsible for this story: Raj Rajendran at rrajendran4@bloomberg.net


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