(Calgary) Imperial Oil is forecasting capital expenditures totaling $ 1.4 billion next year.
The Calgary-based company said on Friday that its plan includes scaling up the Kearl oil sands facility pit tailings project, completing and commissioning the Sarnia product pipeline in southern China. Ontario.
It will also invest in Kearl’s autonomous fleet and the application of solvent technologies to Cold Lake.
Imperial Oil expects production next year to reach the equivalent of between 425,000 and 440,000 barrels of crude oil per day.
The throughput of its refining operations is expected to be between 395,000 and 405,000 barrels per day, with capacity utilization between 92% and 94%.
Imperial also said a final investment decision for its Strathcona renewable diesel project is expected next year.