Suncor restarts third and fourth stages of its Firehag SAGD project

摘要

Fuelled with a capital budget of $5.5 billion for 2010, Suncor Energy Inc. is going ahead with Voyageur's Firebag Stages 3 and 4 in situ project expansions this year, but its proposed Voyageur upgrader and Fort Hills mining project will remain on the shelf. "This actually officially restarts the growth in oilsands," said Rick George, Suncor's president and CEO, during a conference call on Nov. 13.