Suncor Energy reports August production, updates planned maintenance activities at oil sands facilities
CALGARY, ALBERTA–(Marketwire – Sept. 8, 2010) – Suncor Energy Inc. reports which oil sands prolongation during Aug averaged we estimate 331,000 barrels per day (bpd). Year-to-date oil sands prolongation at the finish of Aug averaged we estimate 270,000 bpd.
The association additionally reports programmed upkeep has started on one of the dual oil sands upgraders (U2) at the oil sands operations nearby Fort McMurray. The programmed upkeep will take place parallel with correct work underway on a hydrogen reformer continuous to U2, which gifted an random outage in August.
During the upkeep period, which is scheduled to final we estimate 6 weeks, U2 is approaching to work at marked down rates whilst the company’s alternative upgrader (U1) is approaching to go on normal operations. The programmed upkeep is approaching to await safe, arguable operation of upgrading resources as Suncor functions to grasp the annualized normal oil sands prolongation aim of 280,000 bpd (+/- 5%) in 2010.
On a monthly basis, Suncor reports prolongation numbers from the oil sands operation in sequence to yield stakeholders with a some-more timely examination of operational performance. These numbers have been rough and theme to adjustment. Monthly totals might talk about from the year-to-date sum due to rounding, the stroke of sales and changes in inventory. Production volumes will be arguable when Suncor’s third entertain formula have been released.
Production numbers embody upgraded honeyed and green fake wanton oil and diesel, as good as non-upgraded bitumen sole but delay to the market, from all Suncor-operated facilities. Reported volumes do not embody Suncor’s proportional prolongation share from the Syncrude corner venture.
Certain statements in this headlines recover consecrate “forward-looking statements” inside of the definition of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” inside of the definition of germane Canadian bonds legislation (collectively, “forward-looking statements”). All forward-looking statements have been formed on Suncor’s stream expectations, estimates, projections, ideology and assumptions formed on report accessible at the time the matter was done and in light of Suncor’s knowledge and the notice of chronological trends.
Some of the forward-looking statements might be identified by difference identical to “expected,” “targets,” “schedule,” and identical expressions. In addition, all alternative statements which residence expectations or projections about the future, together with statements about the plan for growth, costs, schedules, prolongation volumes, handling and monetary formula and approaching stroke of destiny commitments, have been forward-looking statements. Forward-looking statements in this headlines recover embody references to a 2010 opinion prolongation operation of 280,000 (+/- 5%) bpd, a programmed upkeep report of 6 weeks for the U2 upgrader; the expectancy which the U2 upgrader will work at marked down rates during the upkeep period; the expectancy which the U1 upgrader will go on normal operations; and the expectancy which the programmed upkeep will await safe, arguable operation of upgrading assets.Forward-looking statements have been not guarantees of destiny opening and engage a series of risks and uncertainties, a little which have been identical to alternative oil and gas companies and a little which have been singular to the company. Suncor’s tangible formula might talk about materially from those voiced or pragmatic by the forward-looking statements and you have been cautioned not to place unjustified faith on them.
Assumptions for the Oil Sands 2010 full year opinion embody implementing trustworthiness and operational potency initiatives which we design to minimize serve random upkeep in 2010. Suncor’s Earnings Release, Quarterly Report and Management’s Discussion & Analysis for the second entertain of 2010 and the many not long ago filed Annual Information Form/Form 40-F, Annual Report to Shareholders and alternative papers it files from time to time with bonds regulatory authorities report the risks, uncertainties, element assumptions and alternative factors which could change tangible formula and such factors have been incorporated herein by reference. Copies of these papers have been accessible but assign from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3Y7, by job 1-800-558-9071, or by email ask to info@suncor.com or by referring to the company’s form on SEDAR at www.sedar.com or EDGAR at www.sec.gov. Except as compulsory by germane bonds laws, Suncor disclaims any goal or requisite to publicly refurbish or correct any forward-looking statements, either as a outcome of code new information, destiny events or otherwise.
Suncor Energy Inc. is Canada’s premier integrated appetite company. Suncor’s operations embody oil sands growth and upgrading, required and offshore oil and gas production, inorganic substance refining, and product selling underneath the Petro-Canada brand. While operative to responsibly rise inorganic substance resources, Suncor is additionally building a flourishing renewable appetite portfolio. Suncor’s usual shares (symbol: SU) have been listed on the Toronto and New York batch exchanges.
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