COPENHAGEN, April 5 The oil and gas unit of
Danish oil and shipping group A.P. Moller-Maersk
said on Friday the company and its partners will invest $800 mln
in a new platform in the North Sea.
The unit, Maersk Oil, said in a statement the investment by
Danish Underground Consortium (DUC) is expected to add reserves
and resources of 50 million barrels of oil equivalent over the
next 30 years to Danish production.
DUC is the partnership between A.P. Moller-Maersk (31.2
pct), Shell (36.8 pct), Nordsofonden (20 pct) and
Chevron (12.0 pct).
The project schedule aims to have first oil early in 2015,
it said in the statement.