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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9092)2/18/1998 12:17:00 PM
From: Arnie  Read Replies (6) of 15196
 
FIELD ACTIVITIES / Syncrude Canada returns to Full Production

FORT MCMURRAY, Feb. 18 /CNW/ - Syncrude Canada, the giant oil sands
producer located north of Fort McMurray, Alberta, returned to full production
over the weekend of February 14-15, following a one-month maintenance
turnaround. The turn-around was completed on schedule and on-time. During the
turn-around, a number of key production units in the Upgrading, Extraction and
Mining areas received maintenance and some work on the first-stage
debottleneck of the Upgrader was also performed.

Full production has resumed with shipments of around 200,000 barrels per
day of high quality, light, sweet crude oil.

Syncrude's production target for 1998 remains 80 million barrels, or
219,000 barrels per day, of Syncrude Sweet Blend. In 1997, Syncrude set a new
oil sands record, shipping 75.7 million barrels of Syncrude Sweet Blend, an
average of 207,000 barrels per day.

Syncrude is a joint venture owned by AEC Oil Sands, L.P., AEC Oil Sands
Limited Partnership, Athabasca Oil Sands Investments Inc., Canadian Occidental
Petroleum Ltd., Canadian Oil Sands Investments Inc., Gulf Canada Resources
Ltd., Imperial Oil Resources, Mocal Energy Ltd., Murphy Oil Company Ltd., and
Petro-Canada.
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