Statoil suspends all production at Leismer oil sands project

Statoil will begin production when midstream terminals reopen

statoil

Statoil reduced production at its Leismer oilsands project last week and announced on Monday it will be suspending all production.  NBC Twitter photo.

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

The company 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.

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(Reporting by Nia Williams; Editing by Chizu Nomiyama)

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