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 This material may not be published, broadcast, rewritten or redistributed.

  • 0023 LC Trucking tractor picker hiring mix
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0020 Sk Oil Show PO Ad 02 speakers with voiceover
  • 0019 Jerry Mainil Ltd hiring dugout
  • 0018 IWS Hiring Royal Summer
  • 0017 eventworx
  • 0016 Estevan Meter Services
  • 0014 Buffalo Potash What if PO
  • 0015 Latus Viro PO Ad 01
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0009
  • 0006 JK Junior
  • 0004 Royal Helium PO Ad 02
  • 9001
  • 0002
  • 0001