Suncor Energy Inc. says its upstream production in the last three months of 2018 hit a quarterly record.
Canada’s largest integrated oil and gas company says production averaged 831,000 barrels of oil equivalent per day, up 12 per cent from the third quarter.
READ MORE: Calgary-based Suncor Energy reports 3rd-quarter operating income of $1.56B
Oilsands operations produced approximately 433,000 barrels per day in the quarter, while total production from exploration and production was 90,000 boe/d.
In its outlook, Suncor maintained its December production guidance for 2019 that forecast production growth of 10 per cent even after production cuts imposed by the Alberta government.
READ MORE: Suncor warns forced oil cutbacks in Alberta pose safety, operational risks
The province announced mandatory production curtailments for the industry this year in a bid to reduce a glut of oil and help boost low prices.
Suncor’s full fourth-quarter results will be issued Feb. 5.
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