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

PR-Logo-MarketwireSUGAR LAND, TX, Feb 03, 2014 (Marketwired via COMTEX) — 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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com “Contact Us” page.

 

Source: Marketwatch.com

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