Suncor’s crude production is expected to increase by less than 1pc in 2023, with a planned portfolio shufe to give oil sands assets more weight within the company. Suncor’s 2023 guidance is set between 740,000 b/d of oil equivalent (boe/d) and 770,000 boe/d, the Calgary-based com-pany said on 29 November. The midpoint represents a 5,000 boe/d increase, or about a 0.7pc gain, from expected output in 2022 and a 23,000 boe/d gain from 2021.
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