Monday, April 19, 2010

Suncor Energy (TSE:SU) Ebla Project Producing Natural Gas Now

Suncor Energy (TSE:SU) announced it is now producing natural gas at its Syria-based Ebla project.

The Ebla project came with its acquisition of Petro-Canada last year, and the natural gas produced is being sold back into the Syrian marketplace.

An estimated 500 billion cubic feet of gas reserves are exist in the roughly 300,000 acres of land included with the project.

Production levels are expected to average close to 80 million cubic feet a day.

Suncor has partnered with General Petroleum Corp. of Syria with the Ebla property.

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