Canadian Oil Sands today announced its budget for 2012. COS plans to invest $1,460 million at the Syncrude project in 2012 to support its strong base of production and implement technologies to accelerate reclamation of tailings, a by-product of the bitumen extraction process. Approximately $974 million will be directed to discrete, major [...]
Canadian Oil Sands today announced that Syncrude has re-established production from Coker 8-1. The coker is currently running at reduced rates of approximately two-thirds capacity. Syncrude is working to return the unit to full production rates, but if higher stable production levels are not achieved by early 2012, a decision to take the unit down [...]
Canadian Oil Sands plans to release its 2012 budget before the market opens on Thursday, December 8, 2011. The news release will provide our outlook for the Syncrude project and expectations for COS' financial results in 2012. A conference call and webcast will be held on the same day at 9:00 a.m. MT (11:00 a.m. ET). To participate, please dial [...]
Canadian Oil Sands today announced that Syncrude had a process upset in its Coker 8-1 unit, one of the primary units in Syncrude's upgrading facility. Syncrude is currently investigating the cause of the incident and is working to re-establish production from the unit. Based on current information, COS is maintaining the production range for [...]
