It’s time to get back to work at Suncor.
The oil giant announced this afternoon that they are ramping up towards full operations, hoping to be at pre-fire/pre-turnaround levels in the RMWB by the end of June.
The company says there was no damage to their facilities despite the fire butting up against their base plant operations, where they hope to be at full production by the end of the week. A return to normal at in-situ operations and the turnaround at the U2 upgrading complex is expected to be complete by the third week of the month.
Suncor adds that construction at Fort Hills has already resumed to pre-fire speeds.
As for their new acquisition Syncrude, the facility is planning a return to production by the end of the month with full production returning after the completion of their turnaround in mid-July.
Suncor says the variable cost savings during the outage will offset incremental costs incurred during the fire, while the annual daily average of production will be downgraded to between 585-620 thousand bbl/day.