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Suncor Energy: the company's outlook for 2024 released

07/12/2023
Source : ORISHAS FINANCE
Categories: Sectors

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C'était le mardi 5 décembre dernier que Suncor Energy has released its company outlook for 2024, including annual Upstream production of 770,000 to 810,000 barrels per day (b/d) and a refinery utilization rate of 92% to 96%

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Suncor's increased production reflects the continued strong performance of existing assets, the exclusive ownership of Fort Hills, changes in the composition of its Exploration and Production (E&P) portfolio, including the sale completed by eacute; sale of its assets in the British North Sea, and a full year of Terra Nova production. According to the company, the outlook for 2024 reflects Suncor's priority of improving shareholder returns through targeted cost reductions, increased Upstream production, and a disciplined capital program, all focused on improving the company's available cash flow per share, said Rich Kruger, president and CEO.

En ce qui concerne les perspectives de la production en 2024, la production du secteur Sables bitumineux inclut le pétrole brut synthetic, diesel, and bitumen and excludes bitumen produced by the treatment of paraffinic solvent foams in Fort Hills and the production of synth crude oil Syncrude tick. Transfers and consumption between assets include transfers of crude sulphur, bitumen, and diesel between assets to optimize production as well as diesel consumed internally at the producing asset's facility. And the refinery utilization rate is based on the following crude processing capacities: Montreal - 137,000 b/d; Sarnia - 85,000 b/d; Edmonton - 146,000 b/d; and Commerce City - 98,000 b/d

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