Fort Hills oilsands project achieves first oil, now in continuous production
by The Canadian Press
The site has capacity to produce about 194,000 barrels of oil per day. It's expected to operate for about 50 years, based on current plans
CALGARY—The Fort Hills oilsands project in Alberta has achieved its first oil production and will continue to ramp up through the first quarter.
Suncor Energy Inc., the project operator, says the site remains on track to reach 90 per cent capacity by the end of 2018.
The Fort Hills operation is 90 kilometres north of Fort McMurray, Alta., and has a capacity of approximately 194,000 barrels per day.
Suncor holds a 53.06 per cent interest in the project, while Total E&P Canada Ltd. owns 26.05 per cent. Teck Resources Ltd. holds the remaining 20.89 per cent.
Based on current plans for the mine, the site is expected to operate for up to 50 years.
