Canadian Oil Sands project to operate at ‘minimal’ rates until end of the month – Mining.com

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Canadian Oil Sands project to operate at ‘minimal’ rates until end of the month – Mining.com

by ahnationtalk on September 3, 2015267 Views

September 3, 2015

Canadian Oil Sands (TSX:COS), the main owner of the giant Syncrude oil sands project in Alberta, said the venture won’t return to normal operations until at least the end of the month.

The project, the largest synthetic crude oil processing facility in Canada, was affected by a fire over the weekend. The incident, still under investigation, forced the company to halt production at the 326,000 barrel-per-day mining and upgrading project.

Canadian Oil Sands said the project will operate with “minimal synthetic crude oil shipments and operating rates” for the next two weeks as part of a phased recovery.

“Affected units are planned to be subsequently restored to operation, with a return to more normal production rates anticipated towards the end of September,” it said.

Read More: http://www.mining.com/canadian-oil-sands-project-to-operate-at-minimal-rates-until-end-of-the-month/

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