CALGARY, June 7 /CNW/ - Suncor Energy Inc. reported today that production
at its oil sands facility during May averaged approximately 270,000 barrels
per day (bpd). Year-to-date oil sands production at the end of May averaged
approximately 246,000 bpd.
Production began to ramp down during the end of May, as the oil sands
facility prepared for a 50-day shutdown of one of its two upgraders. The
shutdown, which is being completed to tie-in new facilities related to a
planned expansion, will impact production rates during June and July. Suncor
is targeting average oil sands production of 255,000 to 265,000 bpd in 2007.
This production target was revised on April 26, 2007 from an original target
of 260,000 to 270,000 bpd.
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 second quarter results are released July 26, 2007.
This news release contains a forward-looking statement identified by the
word "targeting" that is based on Suncor's current expectations, estimates,
projections and assumptions made in light of its experiences and the risks,
uncertainties and other factors related to its business. Actual events could
differ materially 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, annual and quarterly reports to shareholders and other
documents filed with regulatory authorities.
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: Brad Bellows, (403) 269-8717