SOURCE: Industrial Info Resources

Industrial Info Resources

February 03, 2014 06:30 ET

Canada's Suncor Energy Plans More Than $7.8 Billion in Capital Spending for 2014, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Feb 3, 2014) - Written by Edward Weatherly for Industrial Info Resources (Sugar Land, Texas) -- Suncor Energy Incorporated (TSX/NYSE:SU) (Calgary Alberta) has announced a capital spending program of more than $7.8 billion for sustaining and capital-growth projects for 2014. This capital spending program will enable Suncor to sustain a 2014 production target of 565,000 to 610,000 barrels of oil equivalent per day (BOE/d) and to advance new projects towards production. Approximately $4.45 billion, or 57% of the total $7.8 billion, will be concentrated continuing oil-sands operations or advancing new oil-sands projects to fruition in the Fort McMurray sector of Alberta.

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