Monday, September 27, 2010

Chevron (NYSE:CVX), Shell (NYSE:RDS-A), Maersk Experiencing Lower September Production

Production in the Danish North Sea will be down for Chevron (NYSE:CVX), Shell (NYSE:RDS-A) and Maersk in September, as maintenance on the oil field continues for the second month in a row.

Consequently, production capacity will be below usual levels because of the ongoing work on a separator container. The water separator is being worked on to prolong the life of the field, as the aging field has an increasing ratio of water to oil and gas.

From September 1 through September 22, Halfdan has produced from 20,000 to 25,000 less barrels a day than normal.

The Dansk Undergrunds Consortium was formed in 1962, with Shell owning 46 percent, Maersk 39 percent, and Chevron 15 percent.

Through August the group has produced 51.3 million barrels of oil.

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