January 29, 2008 / 9:38 PM / 10 years ago

UPDATE 1-Cold halts 350,000 bpd Syncrude project

(Adds details)

CALGARY, Alberta, Jan 29 (Reuters) - Production at the 350,000 barrel per day Syncrude Canada Ltd oil sands project in northern Alberta has been suspended after instruments began freezing up due to a bitter cold snap, the joint-venture's biggest shareholder said on Tuesday.

Syncrude is the world's largest producer of synthetic crude oil.

Canadian Oil Sands Trust COS_u.TO said operations have been disrupted by the bitter cold and are not expected to restart for several days.

"Production is zero," said Siren Fisekci, a spokeswoman for the trust. The cold, "has not been good for the operations."

The oil sands region surrounding Fort McMurray, Alberta, is enduring a bitter cold snap with a low temperature on Tuesday of -39 Celsius (-38 Fahrenheit), according to Environment Canada.

Little relief is expected for the next four days, with lows through Saturday ranging from -35C (-31F) to -38C (-36F).

Along with Canadian Oil Sands, the partners in the project are Imperial Oil Ltd (IMO.TO), Petro-Canada PCA.TO, ConocoPhillips (COP.N), Nexen Inc NXY.TO, Nippon Oil Corp 5001.T unit Mocal Energy Ltd, and Murphy Oil Corp (MUR.N)., (Reporting by Scott Haggett; Editing by Peter Galloway)

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