BRIEF-Suncor expects Fort Hills project to operate at 90 pct capacity by Q4 2018

Published 2017-10-26, 10:37 a/m
© Reuters.  BRIEF-Suncor expects Fort Hills project to operate at 90 pct capacity by Q4 2018
TTEF
-
SU
-

Oct 26 (Reuters) - Suncor Energy SU.TO :

* CEO says company has made progress towards resolving commercial dispute with Fort Hills partner Total SA TOTF.PA

* Expects to be operating 190,000 bpd Fort Hills oil sands plant at 90 percent capacity by this time next year

* Suncor CEO expects 2018 capital spending to be in C$4.5 billion to C$5 billion range

* CEO says unit 1 upgrader at oil sands base plant will undergo major turnaround next year, maintenance also planned at Edmonton refinery

* CEO says looking at using automated vehicles at Fort Hills oil sands plant to help reduce operating costs

* Says once Fort Hills operating, company will sell nearly 200,000 bpd of its production to third parties

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.