North Sea DUC Crude July Exports to Be Unchanged at Six Cargoes

Crude shipments from Dansk Undergrunds Consortium, the producer part-owned by A.P. Moeller Maersk A/S, will ship six cargoes in July, unchanged from June, according to a revised loading program.

Exports will total 3.6 million barrels, or 116,129 barrels a day, compared with 120,000 barrels a day for June, the plan obtained by Bloomberg News showed.

Copenhagen-based Maersk holds 39 percent of the venture, known as DUC. Royal Dutch Shell Plc (RDSA) owns 46 percent and Chevron Corp. (CVX) has 15 percent. Shell will receive three cargoes, Maersk will get two, and Chevron one, 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: Stephen Voss at sev@bloomberg.net

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