Syncrude sees lower output as unplanned outage prompts early coker turnaround

|About: Canadian Oil Sands Ltd. (COSWF)|By:, SA News Editor

Canadian Oil Sands (OTCQX:COSWF) says it has moved up the timing of Syncrude's turnaround of its 8-2 coker into 2015 from mid-2016 to improve throughput, after a buildup of coke in the unit led to reduced circulation.

COSWF says Syncrude’s gross 2015 oil sands production will now total ~90M barrels, down from an expected 92M-98M barrels; the facility produced 94M barrels in 2014.

The setback at Syncrude recalls how unreliable the project has been in the past and could push investors to be more receptive to Suncor’s (NYSE:SU) takeover offer, an unnamed analyst tells the Calgary Herald.

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