Suncor Fort Hills Truck-Shovel-minCalgary, Canada-based Suncor reported upstream production of 808,000 barrels per day (bbls/d) for Q4 2023, the second highest quarter in the company’s history. The strong fourth quarter performance results in an annual average upstream production of 746,000 bbls/d, in line with the production guidance it provided in November 2022.

“Not only did we meet the annual production guidance set a year ago, but December was also Suncor’s best month ever with upstream production averaging over 900,000 bbls/d,” said Rich Kruger, president and CEO. “This is a tangible example that when we set a commitment, we will be laser focused on meeting it.”

The company’s oil sands operations produced 453,000 bbls/d during the quarter. Fort Hills produced a record 186,000 bbls/d for the quarter on a gross basis, or 155,000 bbls/d net to Suncor’s ownership. Gross annual production for Fort Hills averaged 147,000 bbls/d, in line with the three-year plan presented in November 2022.