Conoco plans 4-5 week turnaround at Surmont oil sands project

|By:, SA News Editor

ConocoPhillips (NYSE:COP) says production at its Surmont oil sands project in Alberta will shut down during a 4-5 week turnaround starting on Sept. 2, with 30K bbl/day going offline.

Surmont has a regulatory capacity of 27K bbl/day but COP says it has been running above that rate due to efficient operations.

COP operates Surmont under a 50/50 joint venture agreement with Total (NYSE:TOT); the project is undergoing an expansion that will raise production to 136K bbl/day of bitumen by 2017.