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DUC Oil Production Up 11.8%

Maritime Activity Reports, Inc.

July 7, 1999

Danish Underground Consortium's (DUC) oil production from North Sea fields rose 11.8 percent year-on-year in June. Oil production was 1.045 million tons in June, corresponding to an annualized total of 255,890 bpd, compared with 1.008 million tons in May.