Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2019
Suncor Keeping Spending Flat in 2019 at $4.9-5.6B; Expects 10% Production Increase
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Suncor released its 2019 corporate guidance which includes a capital program of between $4.9 and $5.6 billion - which is flat from 2018.
The company has projected average upstream production of 780,000 to 820,000 BOEPD. This is an increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 boe/d in 2018.
The capital program is 63% allocated to planned sustaining and maintenance activities. The remaining 2019 capital program is focused on low capital intensity, value-creating projects.
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More Capital Expenditure - 2019 News
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Canada News
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