Suncor Energy reports oil sands production numbers for May 2008
04 Junho 2008 - 7:00AM
PR Newswire (US)
CALGARY, June 4 /PRNewswire-FirstCall/ -- Suncor Energy Inc.
reported today that production at its oil sands facility during May
averaged approximately 164,000 barrels per day (bpd). Production
for the month was reduced do to a planned maintenance shutdown of
one of two oil sands upgraders that began May 16 with an expected
duration of approximately 30 days. Year-to-date oil sands
production at the end of May averaged approximately 225,000 bpd.
Suncor is targeting average oil sands production of 275,000 to
285,000 bpd in 2008. 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 on
July 24, 2008. 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.
DATASOURCE: Suncor Energy Inc. CONTACT: Brad Bellows, (403)
269-8717
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