Suncor Energy set to begin scheduled maintenance at Oil Sands operation
16 May 2008 - 3:41AM
PR Newswire (US)
FORT MCMURRAY, AB, May 15 /PRNewswire-FirstCall/ -- Suncor Energy
Inc. confirmed today plans to shut down one of two upgraders at the
company's oil sands operations near Fort McMurray to complete
maintenance during a scheduled shutdown. The work, which is
scheduled to begin May 16, 2008, is expected to last approximately
30 days. During this period, the other upgrader is expected to
continue to operate at production volumes of approximately 200,000
barrels per day (bpd). The shutdown is planned to support safe,
reliable operation of upgrading assets as Suncor works to achieve
its average oil sands production targets of 275,000 to 285,000 bpd
in 2008. Approximately 2,000 contractors will be involved in the
work. Suncor will focus on completing the work in a safe manner
while minimizing impacts to the environment. Although this work may
result in periods of increased flaring and the potential for
odours, Suncor intends to minimize these impacts and ensure
emissions levels remain within regulated limits. 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 "plan," "expected,"
"focus" "may," "targeted," "work", "scheduled", "intends" 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. of Philadelphia. DATASOURCE: Suncor
Energy Inc. CONTACT: Shawn Davis, (403) 920-8379
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