UPDATE1-Connacher completes turnaround at Alberta plant
* Says in process of restoring normal operations
* Sees 2010 bitumen production around 9,500 barrels/day
Sept 28 (Reuters) - Canada's Connacher Oil and Gas Ltd (CLL.TO) said it completed its annual turnaround at Pod One oil sands plant in northeastern Alberta, and was in the process of restoring normal operations and ramping up bitumen production.
Production is now underway at 15 of the 17 steam-assisted gravity drainage (SAGD) well pairs at Pod One, including production from the company's two most recent SAGD wells, it said.
"It is anticipated bitumen production levels will ramp up to near-design capacity in 2009 fourth quarter and 2010 daily average bitumen production is anticipated to be about 9,500 barrels per day," the company said in a statement.
Shares of the Calgary, ALberta-based company closed at C$1.03 Monday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Ratul Ray Chaudhuri)
