Suncor Advances Toward Oil Sands Production Target
Suncor Energy Inc. on Thursday reported that production at its oil sands facility during March averaged approximately 258,000 barrels per day (bpd).
Year-to-date oil sands production at the end of March averaged approximately 248,000 bpd. Suncor is targeting average oil sands production of 260,000 to 270,000 bpd in 2007.
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 26, 2007.
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.
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