A.P. Moeller Expects Good Results
"Oil and gas production in the North Sea is estimated to be about that of 1999. Due to an expected increase in the average oil price the result is expected to be somewhat above that of 1999," A.P. Moeller said.
In 1999, consolidated operating profit rose 71.2 percent to 5.77 billion crowns ($740 million), exceeding the mean forecast of 5.35 billion crowns in a poll of analysts.