In light of depressed prices for Western Canada Select and to reduce negative cash flow from Fort Hills, Teck Resources announced the Fort Hills partnership decided to temporarily operate Fort Hills as a single train facility. Assuming ongoing production at Fort Hills on this basis through the balance of 2020, Suncor, as operator, advised that it now expects Fort Hills production to be approximately 100,000 barrels per day to 120,000 barrels per day, of which Teck’s share is 21.3%.
Teck said it expects its 2020 share of Fort Hills production to be reduced to approximately 8 million to 9 million barrels of bitumen.
