CALGARY, Aug. 2 /CNW/ - Suncor Energy Inc. reported today that production
at its oil sands facility during July averaged approximately 159,000 barrels
per day (bpd). Year-to-date oil sands production at the end of July averaged
approximately 216,000 bpd.
Suncor is targeting average oil sands production of 255,000 to 265,000
bpd in 2007. Production in July was lower than annual average targets due to a
scheduled shutdown of one of two upgraders to allow the tie-in of new
facilities related to a planned expansion. The tie-in work, which began on
May 31, was completed on July 20.
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 third quarter results are released on October 25,
This news release contains forward-looking statements identified by the
words "targeting" and "expected" that are 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