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Syncrude Refinery/Coker below capacity for rest of 2010

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This topic contains 1 reply, has 1 voice, and was last updated by  Charles Randall 10 years, 2 months ago.

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  • #2517

    basil parmesan
    Participant

    Syncrude seen below capacity for rest of 2010
    Reuters – Saturday, September 25

    * Output to average 285,000 bpd, down 19 pct from capacity
    * Coker to be down for up to a week longer than expected
    * Other units to be repaired through rest of 2010
    * Canadian Oil Sands units drop 2.4 percent
    CALGARY, Alberta, Sept 24, 2010 – Syncrude Canada Ltd is expected to produce synthetic oil at 19 percent below capacity for the rest of the year due to planned and unplanned maintenance, Canadian Oil Sands Trust, the joint venture’s largest owner, said on Friday.
    Based on a newly lowered production estimate, output at the sprawling northern Alberta oil sands operation will average about 285,000 barrels a day for the remainder of 2010, down from its capacity of 350,000, Canadian Oil Sands spokeswoman Siren Fisekci said.
    A coker unit undergoing a turnaround will be off line for up to a week longer than the 45 days initially scheduled, Fisekci said. Upkeep work on the coker, part of the upgrading plant that turns bitumen from the oil sands into refinery-ready crude, began on Sept. 9.
    In addition, various other processing units will be taken down for repairs through the rest of the year, she said. All work is now expected to be finished by 2011.
    Syncrude, the largest oil sands operation, has been plagued by reliability issues. On Thursday, the trust, which owns nearly 37 percent of Syncrude, announced a second cut to its production target in two months as a result of the extra repair work.
    It now estimates Syncrude’s annual production to be about 105 million barrels, down 4.6 percent from its July estimate of 110 million and 8.7 percent below its original 2010 estimate of 115 million barrels. Canadian Oil Sands Trust units fell 62 Canadian cents, or 2.4 percent, to C$25.21 on the Toronto Stock Exchange on Friday.
    Syncrude’s other owners are Imperial Oil Ltd, with 25 percent; Suncor Energy Inc, with 12 percent; Sinopec Corp, with 9 percent; Nexen Inc , with 7.2 percent; while JX Holdings Inc unit Mocal Energy and Murphy Oil Co each have 5 percent.

  • #5487

    Charles Randall
    Participant

    Syncrude’s additional Refinery/Coker downtime is bad news for Canadian Oil Sands patch ….. and US users of Bitumen crude. Looks like lot problems seem to be around the T/A work on Syncrudes Fluid cokers as unit(s) stretch from 45 days towards 60 days down. Given level of products, demand & economics …. not sure they will miss out on lot by EOY.
    Regards

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