CALGARY, March 4 /PRNewswire-FirstCall/ -- Suncor Energy Inc. reported today that production at its oil sands facility during the month of February averaged approximately 147,000 barrels per day (bpd), including about 20,000 bpd of in-situ bitumen production.
Production during February was reduced due to the impact of a fire that occurred January 4. Work to return the facility to full production during the third quarter of 2005 remains on schedule.
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 first quarter results are released April 28, 2005.
This news release contains forward-looking statements, identified by the word "work" and "be confirmed" 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 including the impacts of the January fire at the oil sands facility. 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. In particular, the timeline for achievement of full production at Suncor's oil sands operations is preliminary and subject to change. Further inspection of the damaged equipment will occur as the repairs progress. Any new information could modify the timetable for returning to full production.
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 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 Inc.
Production during February was reduced due to the impact of a fire that occurred January 4. Work to return the facility to full production during the third quarter of 2005 remains on schedule.
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 first quarter results are released April 28, 2005.
This news release contains forward-looking statements, identified by the word "work" and "be confirmed" 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 including the impacts of the January fire at the oil sands facility. 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. In particular, the timeline for achievement of full production at Suncor's oil sands operations is preliminary and subject to change. Further inspection of the damaged equipment will occur as the repairs progress. Any new information could modify the timetable for returning to full production.
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 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 Inc.
