The company averaged production of 277,000 barrels per day at the project, up about seven per cent from the same quarter last year.
"I'm very pleased to report that we sustained the strong operating momentum from the past several quarters," chief executive
Overall, Imperial's production rose by a more modest two per cent from last year to an average of 421,000 oil-equivalent barrels per day in its latest quarter as both
Imperial, majority-owned by
A major piece of that work was Imperial's multi-year effort to convert its entire fleet of heavy haul mining trucks at Kearl to fully autonomous operation. The company announced the completion of the initiative last fall.
The ramp up comes as the
The narrowing differential between the
"A key factor is the approaching start up of TMX, which will provide significant additional capacity for egress out of the western Canadian basin," Corson said.
The production and pricing changes led to a first quarter profit of
The company said the profit amounted to
Total revenue and other income amounted to
Refinery throughput for the quarter averaged 407,000 barrels per day, down from 417,000 barrels per day in the first quarter of 2023, while refinery capacity utilization was 94 per cent, down from 96 per cent.
This report by The Canadian Press was first published
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