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Suncor plans $20.6 billion oil sands expansion

02/18/2008
Suncor Energy Inc., Calgary, is planning to invest $20.6 billion (Can.) to expand the oil production capacity at its oil sands operation north of Fort McMurray, Alta., by 200,000 b/d, to 550,000 b/d in 2012.The expansion includes constructing four additional stages of in situ bitumen production, a third upgrader to convert the bitumen into higher-value oil, and other facilities and utilities.Of the total, Suncor has already invested $2.5 billion on detailed engineering, site work, and fabrication of major vessels for the expansion.The expansion will be completed in a phased manner, with mechanical completion of the new upgrader scheduled for 2011 and bitumen feed from the new stages of in...
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