Suncor said its 2019 upstream capital program is going to be $4.9 billion to $5.6 billion to achieve average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (BOEPD) for 2019.

The midpoints of these ranges represent a flat capital spend compared to 2018 and a year over year production increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 BOEPD in 2018, the oilsands heavy oil producer said.
Presumed effects of the Government of Alberta’s mandated curtailments on Suncor in 2019
Last week, the Government of Alberta announced mandated compulsory production curtailments across the industry starting Jan. 1, 2019.

Suncor said that although considerabl...


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