Skip to main content

Energy and Resources Suncor Energy sees 13% rise in fourth-quarter upstream output

Suncor Energy Inc said on Monday it expects total upstream production to rise by about 13 per cent in the fourth quarter of 2018, helped by higher output from its majority-owned Syncrude oil project in northern Alberta.

The company expects total upstream production of 831,000 barrels of oil equivalent per day (boe/d), up from 736,400 boe/d in the fourth quarter of 2017.

Production from Syncrude alone was 355,000 barrels per day (bbls/d) for the quarter.

Story continues below advertisement

Chief Executive Officer Steve Williams said the company’s newest oil sands project, Fort Hills, completed its production ramp up ahead of schedule and exceeded its forecast of 90 per cent utilization for the quarter.

The Calgary-based company also said demand for refined products remained strong during the quarter with crude throughput of 468,000 bbls/d compared to 433,000 bbls/d in the year-ago quarter.

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter