The largest partner in Syncrude says it plans to more than double its capital spending next year.
Canadian Oil Sands limited says it’ll invest just under one and a half billion dollars to help increase production by almost ten percent.
That’ll make total production at Syncrude next year between 106 and 117 million barrels, higher than the 105 to 107 million estimate for this year.
The company says its forecasts assumes there’ll need to be maintenance on another coker unit, and possibly on coker 8-1 which was shut down a few weeks ago.
