NEWS: Suncor expects production to rise five per cent next year, trims capex plan

CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021.

The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day.

Suncor says the production guidance comes as it ramps up production at the Fort Hills mine, partially offset by the sale of its stake in the Golden Eagle offshore operations in the United Kingdom.

Refinery throughput is expected to be 430,000 to 445,000 barrels per day in 2022.

The production guidance came as Suncor says it is planning $4.7 billion in capital spending for next year, down from its guidance earlier this year for up to $5 billion in 2022.

The plan includes $3.2 billion to $3.4 billion in sustaining capital, including planned maintenance and tailings optimizations.

This report by The Canadian Press was first published Dec. 13, 2021.

Companies in this story: (TSX:SU)

The Canadian Press

News from © The Canadian Press, 2021. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• 0083 Michener Allen Industrial October 24
  0083 Michener Allen Industrial October 24
• 0053 Kingston Midstream Westspur Alameda Click
  0053 Kingston Midstream Westspur Alameda Click
• 0082 CsHM 2024 Pipeline
  0082 CsHM 2024 Pipeline
• 0077 Caprice Resources Stand Up For Free Speech
  0077 Caprice Resources Stand Up For Free Speech
• 0076 Latus only
  0076 Latus only
• 0061 SIMSA 2024 For Sask Buy Sask
  0061 SIMSA 2024 For Sask Buy Sask
• 0055 Smart Power Be Smart with your Power office
  0055 Smart Power Be Smart with your Power office
• 0051 JML Hiring Pumpjack assembly
  0051 JML Hiring Pumpjack assembly
• 0049 Scotsburn Dental soft guitar
  0049 Scotsburn Dental soft guitar
• 0046 City of Estevan This is Estevan
  0046 City of Estevan This is Estevan
• 0041 DEEP Since 2018 now we are going to build
  0041 DEEP Since 2018 now we are going to build
• 0032 IWS Summer hiring rock trailer music
• 0022 Grimes winter hiring
• 0021 OSY Rentals S8 Promo
• 0018 IWS Hiring Royal Summer
• 0013 Panther Drilling PO ad 03 top drive rigs
• 0011
• 0006 JK Junior
• 0002 gilliss casing services
  0002 gilliss casing services
• 9002 Pipeline Online 30 sec EBEX
  9002 Pipeline Online 30 sec EBEX
• 9001