CALGARY, July 23 /CNW/ - Suncor Energy Inc. reports that, effective
July 22, the Alberta Energy Resources Conservation Board (ERCB) has removed
production constraints imposed on Suncor's Firebag in-situ oil sands
Bitumen production from Firebag had been capped at approximately 42,000
barrels per day in September 2007 due to sulphur emissions that exceeded
regulated limits. The ERCB has advised that issues at the site have been
addressed sufficiently to lift the cap, but Suncor must meet a variety of
conditions, including ensuring emissions remain at compliant levels and
providing regular status reports.
"The removal of the cap reflects a lot of hard work to reduce emissions
and put in place the planning and investments required to manage this concern
going forward," said Steve Williams, chief operating officer. "We're pleased
that the ERCB has recognized these accomplishments and we're looking forward
to safely ramping up Firebag production."
With the cap lifted, Suncor expects to begin steaming in preparation for
ramping up production from well pads that are currently shut in due to the
This news release contains forward-looking statements that address goals,
expectations or projections about the future. These statements are based on
Suncor's current goals, expectations, estimates, projections and assumptions,
as well as its current budgets and plans for capital expenditures. Some of the
forward-looking statements may be identified by the words "looking forward",
"expected", and similar expressions. These statements are not guarantees of
future performance. Actual results could differ materially, as a result of
factors, risks and uncertainties, known and unknown, to which Suncor's
business is subject. Further discussion of the risks, uncertainties and other
factors that could affect these plans, and any actual results, is included in
Suncor's annual report to shareholders and other documents filed with
Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout Western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips
66(R) brand and marks in the state of Colorado. Sunoco in Canada is separate
and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc.
For further information:
For further information: Brad Bellows, (403) 269-8717