CALGARY, Jan. 8 /CNW/ - Suncor Energy Inc. reported today that production
at its oil sands facility during December averaged approximately 235,000
barrels per day (bpd). With the completion on schedule of unplanned
maintenance activities following a fire in late November, the company achieved
its revised production target for the month despite inclement weather
conditions. Annual oil sands production during 2008 averaged approximately
On a monthly basis, Suncor reports production numbers from its oil sands
operation in order to provide stakeholders with a more timely review of
operational performance. These numbers are preliminary and subject to
adjustment. Monthly totals may differ from year-to-date total due to rounding,
the impact of sales and changes in inventory. Fourth quarter and full-year
2008 production volumes will be confirmed when Suncor's fourth quarter results
are released on January 20, 2009.
This news release contains forward-looking statements identified by the
word "target" and similar expressions that address expectations or projections
about the future. Forward-looking statements are based on Suncor's current
goals, expectations, estimates, projections and assumptions made in light of
its experiences and the risks, uncertainties and other factors related to its
business. Assumptions used to develop our outlook are based on year-to-date
performance and management's best estimates for the remainder of the year.
Readers are cautioned that actual results could differ materially from those
expressed or implied as a result of changes to Suncor's plans and the impact
of events, risks and uncertainties discussed in Suncor's current annual
information form/form 40-F, annual and quarterly reports to shareholders and
other documents filed with Canadian securities commissions at www.sedar.com
and the United States Securities and Exchange Commission (SEC) at www.sec.gov.
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 refining
operations in Colorado 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.
Sunoco in Canada is separate and unrelated to Sunoco in the United
States, which is owned by Sunoco Inc. of Philadelphia. Suncor Energy (U.S.A.)
Inc. is an authorized licensee of the Phillips 66(R) brand and marks in the
state of Colorado.
For further information:
For further information: Shawn Davis, (403) 920-8379