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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by Seppelton May 24, 2023 4:56am
220 Views
Post# 35461346

Johan Sverdrup has the capacity to produce 755,000 b/d

Johan Sverdrup has the capacity to produce 755,000 b/d

"Johan Sverdrup came on stream in October 2019. A second phase started in mid-December last year, raising capacity to 720,000 b/d from 535,000 b/d.  

Johan Sverdrup has offered European refiners a similar-quality replacement to Urals since the EU's ban on seaborne Russian crude imports came into effect last year."

Urals is a medium grade which could be exported from the Gulf of Mexico by blending WCS with light/ultralight crude produced in Texas shale.
Unfortunately, with the Keystone XL blocked and limited growth in the oil sands due net zero policy and other federal restrictions, even a small fraction of such growth is hardly possible. Way to go, Norway.

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