CALGARY, June 24 /CNW/ - Suncor Energy Inc. today reported that
production at its oil sands operation is expected to ramp up over the next
several days as the planned maintenance shutdown of one of its two oil sands
upgraders is completed.
Approximately 2,000 contractors were involved in safely completing the
maintenance work. Planned shutdowns, which are part of the normal course of
operations at the company's oil sands facilities, are scheduled to provide
both preventative maintenance and capital replacement to improve operational
The shutdown began May 18. Unplanned work, combined with labour
shortages, resulted in the maintenance lasting longer than the planned
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 "ramp up",
"expected" "scheduled", 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 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 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: Media inquiries: Brad Bellows, (403) 269-8717;
Investor inquiries: John Rogers, (403) 269-8670