Canadian Oil Sands Cuts 2012 Syncrude Production Estimate

Canadian Oil Sands Ltd. (COS), the largest owner of Syncrude Canada Ltd., cut its 2012 synthetic oil production estimate to 301,000 barrels a day because of a maintenance turnaround in the second quarter.

Canadian Oil Sands reduced the single-point 2012 production estimate by 2.7 percent, or 3 million barrels, to 110 million barrels, the Calgary-based company said in a statement.

“The 110 million-barrel Syncrude production outlook incorporates actual first-quarter 2012 production, a planned turnaround of Coker 8-3 during the second quarter of the year, and an allowance for unplanned outages,” Canadian Oil said.

Syncrude production in the first quarter was 295,000 barrels per day, down from 321,000 a year earlier, after the company took Coker 8-1 offline for repairs. The unit returned to service this month, the company said.

To contact the reporter on this story: Lynn Doan in San Francisco at

To contact the editor responsible for this story: Dan Stets at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.