Canadian Oil Sands Trust has said that crude oil production from the Syncrude facility is now estimated to total 105 million barrels (38.6 million barrels net to the Trust) for 2010, with a production range of 102 million to 108 million barrels.
The amended production target is the result of unplanned maintenance in certain upgrading units and an extension of the planned Coker 8-1 turnaround that is currently underway.
The company said that the impact of this lower 2010 production on operating costs and capital expenditures is being assessed and updated guidance for the year is expected to be provided at the time of the third quarter results.
Canadian Oil Sands is the largest joint venture owner of Syncrude, a major producer of light, sweet, synthetic crude oil.
Canadian Oil Sands Trust is an open-ended investment trust managed by Canadian Oil Sands Limited.