Suncor Energy Inc., Calgary, plans to spend $6.7-7.3 billion and production of 525,000-565,000 boe/d in 2016, with a slight decline in oil sands output. The company says the “budget incorporates flexibility to respond quickly to any further deterioration in market conditions,” adding, “Both capital and operating expenditures can be scaled back to ensure the company continues to live within its means.” Suncor in January slashed its previously reported 2015 budget by $1 billion (Can.) and said it would reduce its workforce by 1,000 (OGJ Online, Jan. 14, 2015). The company also said it would trim $600-800 million in operating expenses over the next 2 years. Growth projects in 2016 are slated to receive 55% of the spending program with a vast majority targeting the upstream segment. “Our oil sands production is expected to be slightly reduced in 2016 vs. 2015 as a result of significant planned maintenance activities scheduled at various facilities, including our first 5-year full turnaround at the U2 upgrader and major maintenance at Firebag,” said Steve Williams, Suncor president and chief executive officer.