Suncor Energy, a Canadian integrated energy company, reported an average of 8080,000 barrels per day, the second-highest quarter in its history. In the fourth quarter, the company also posted its best month ever, with upstream production averaging more than 900,000 barrels per day.
Suncor Energy said in a draft that its fourth-quarter results led to an average of 74 percent of its upstream annual production60,000 b/d, in line with corporate guidance provided by Suncor Energy in November 2022. Rich Kruger, President and CEO, said, "This is a clear example of how when we make commitments, we focus on delivering on them. ”
Suncor Energy's net synthetic** yield was 4760,000 b/d compared to 28 net non-upgraded asphalt production20,000 barrels per day, resulting in a total oil sands production of 75 for the quarter80,000 barrels per day. Suncor Energy said total exploration and production production in the fourth quarter was 50,000 b/d, including production from Terra Nova as it continues to ramp up. The company said its oil sands operations produced 45.5 per day in the quarter30,000 barrels, with a daily output of 43 for the whole year of 202310,000 barrels. The base plant upgrader achieved 90% full-year utilization, including the impact of the five-year major turnaround for Upgrader 2.
In addition, the Firebag field produced 21. per day during the quarter30,000 barrels and achieved a record 2170,000 barrels per day per annum, while the Fort Hills field produced a record 18 percent in the quarter60,000 barrels per day. The Fort Hills field has an average annual total production of 1470,000 b/d, in line with the company's three-year plan proposed at its November 2022 investor day.
Suncor Energy added that the syncrude field produced a total of 3480,000 b/d (Suncor Energy net production was 20.)50,000 barrels per day), a record of 32The new annual production record of 30,000 b/d (Suncor Energy has a net production of 190,000 b/d) and the annual upgrader utilization rate was 92%.
Suncor Energy said the downstream business also performed strongly in the fourth quarter, with an average refining utilisation of 97% and an average annual refining utilisation of 90%.
"In 2023, our increased focus on the fundamental principles of safety, operational excellence and reliability led to increasingly strong full-year operational results," said Kruger. This focus and the discipline it requires is exactly what investors expect from the Suncor Energy team in 2024 and beyond. (Compiled by Xiao Chen).
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