CALGARY, April 8 /CNW/ - Suncor Energy Inc. reported today that
production at its oil sands facility during March averaged approximately
297,000 barrels per day (bpd). Year-to-date oil sands production at the end of
March averaged approximately 278,000 bpd. Suncor is targeting average oil
sands production of 300,000 bpd (+5%/-10%) in 2009.
In addition to Suncor's proprietary production of sweet and sour
synthetic crude oil, diesel and non-upgraded bitumen sold directly to the
market, reported production also includes products derived from bitumen
received from Petro-Canada for processing on a fee-for-service basis.
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. Production volumes will be
confirmed when Suncor's first quarter results are released on April 23, 2009.
This news release contains forward-looking statements, including an
outlook production range of +5%/-10%, which are based on Suncor's current
expectations, estimates, projections and assumptions and are subject to
change. Assumptions are based on management's experience and perception of
historical trends, current conditions, anticipated future developments and
other factors related to Suncor's business. Assumptions of the 2009 outlook
include implementing reliability and operational efficiency initiatives which
we expect to minimize unplanned maintenance in 2009. 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 fourth quarter earnings release, current
annual information form/form 40-F, annual report 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: about Suncor Energy Inc. please visit our web
site at www.suncor.com; For media inquiries, contact: Shawn Davis, (403)