Statoil Suspends All Production at Leismer Oil Sands Project in Canada

Reuters

CALGARY, Alberta, May 9 (Reuters) - Statoil ASA is suspending all production at its Leismer oil sands project in northern Alberta due to a massive wildfire that destroyed parts of nearby Fort McMurray, the company said on Monday.

Statoil said production would remain suspended until midstream terminals needed to transport crude oil via pipeline reopen. Last week the company reduced production by 50 percent as a result of the fire, although Leismer is not directly threatened by the blaze.

(Reporting by Nia Williams; Editing by Chizu Nomiyama)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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