Suncor Energy restarts upgrader following oil sands maintenance shutdown
June 24 2008 - 12:28PM
PR Newswire (US)
CALGARY, June 24 /PRNewswire-FirstCall/ -- 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 efficiency. The shutdown began
May 18. Unplanned work, combined with labour shortages, resulted in
the maintenance lasting longer than the planned 30 days. 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. of
Philadelphia. DATASOURCE: Suncor Energy Inc. CONTACT: Media
inquiries: Brad Bellows, (403) 269-8717; Investor inquiries: John
Rogers, (403) 269-8670
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