Suncor Energy Increases Oil Sands Production in March 2009

Suncor reported today that production at its oil sands facility during March averaged approximately 297,000 barrels per day (bpd). Year-to-date oil sands production at the end of March averaged approximately 278,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd (+5%/-10%) in 2009.

In addition to Suncor's proprietary production of sweet and sour synthetic crude oil, diesel and non-upgraded bitumen sold directly to the market, reported production also includes products derived from bitumen received from Petro-Canada for processing on a fee-for-service basis.

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 on April 23, 2009.

 

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