Exploration & Production | Capital Markets | Capital Expenditure
Canadian Oil Sands Plans Expenditure for Major Projects in 2014
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Canadian Oil Sands Limited has announced 2014 capital expenditures of $1.1 billion, with the majority of expenditures directed to the previously disclosed major projects.
COS is estimating a production range for Syncrude of 95 million to 110 million barrels in 2014; equivalent to 34.9 million barrels to 40.4 million barrels net to COS' 36.74 per cent interest in the project.
2014 Capital ProgramSince 2011, COS has been investing in several major projects directed at maintaining a strong base of crude oil production over the next one to two decades and improving operational efficiency and environmental performance.
The Aurora North Mine Train Relocation and the Aurora North Tailings Management projects have been completed ahead of schedule and under budget in 2013. The Mildred Lake Mine…
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