Suncor Energy Inc. released its 2017 corporate guidance today, which includes a capital spending program of between $4.8 billion and $5.2 billion and average production of 680,000 to 720,000 bbls of oil equivalent per day. The midpoints of these ranges represent a year over year increase to production of more than 13 per cent and a reduction to capital spending of approximately $1 billion even with a full year of increased Syncrude ownership.
(Original information source: Daily Oil Bulletin)
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