Suncor Unveils Oil Sands Results for August
Suncor reported that the company's oil sands production during August averaged approximately 312,000 barrels per day (bpd). Year-to-date oil sands production at the end of August averaged approximately 294,000 bpd. Suncor is targeting average oil sands production of 300,000 bpd (+5%/-10%) in 2009.
Production numbers include upgraded sweet and sour synthetic crude oil and diesel, as well as non-upgraded bitumen sold directly to the market, from all Suncor-operated facilities. Reported volumes include those previously processed for Petro-Canada on a fee-for-service basis but do not include Suncor's proportionate production share from the Syncrude joint venture.
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 third quarter results are released November 6.
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