Oil production at Suncor Oil Sands plant resumes

Apr 12, 2001, 01:00 ET from Suncor Energy Inc.

    FORT MCMURRAY, AB, April 12 /PRNewswire/ - Oil production from Suncor
 Energy Inc.'s oil sands plant is flowing again as the company successfully
 completed maintenance on a unit in its upgrading facility.
     The 9-day interruption will impact second quarter production levels, but
 the company does not expect its 2001 oil sands production target of 130,000
 barrels per day to be affected by the interruption. Regulators and customers
 were notified in advance of the production outage.
     "The maintenance work was fairly routine and should contribute to the
 reliability of the facility," says Mike Ashar, executive vice president of
 Suncor's Oil Sands business. "I am pleased that the maintenance on the unit
 was completed in a safe and efficient manner."
     The maintenance work did not have an impact on the construction schedule
 for Project Millennium, an expansion project currently underway at the oil
 sands facility. Project Millennium is on schedule for commissioning in the
 latter half of 2001 and is expected to reach full production capacity of
 225,000 barrels per day in January 2002.
     While the maintenance work was underway, Suncor took the opportunity to
 do some necessary tie-ins between the base plant and Millennium facilities,
 and some routine maintenance in other areas of the oil sands plant, such as
 the Naphtha Recovery Unit (NRU) and the sulphur dioxide removal facility.
 Government regulators and the Wood Buffalo Environmental Association, which
 monitors and reports emissions in the region, were informed.
     Suncor Energy is an integrated Canadian energy company. Suncor's Oil
 Sands business mines and upgrades oil sand and markets custom-blended refinery
 feedstocks and premium transportation fuels, near Fort McMurray in Northern
 Alberta. Suncor is also a conventional natural gas producer in Western Canada;
 and operates a refining and marketing business in Ontario under the Sunoco
 brand. At the same time as Suncor meets today's energy needs, the company
 invests in alternative and renewable energy for the future. Suncor Energy's
 common shares and preferred securities are listed for trading on the Toronto
 and New York stock exchanges.
 
     This news release contains forward-looking statements. All statements
 that address goals, expectations or projections about the future, including
 statements about Suncor's strategy for growth, schedules and production
 volumes and operating, or financial results, are forward looking statements
 that are based on Suncor's current goals, expectations, projections,
 estimates, assumptions and plans, and were made by Suncor in light of its
 experience and its perception of historical and future trends. Some of the
 forward looking statements may be identified by words like "expects",
 "anticipates", "plans", "scheduled", "estimates", "budgets", "goals", 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. These could include: changes in general economic, market and business
 conditions; fluctuations in supply and demand for Suncor's products;
 fluctuations in commodity prices and currency exchange rates; the impact of
 stakeholder consultation; the regulatory process; technical issues;
 environmental issues; technological capabilities; new legislation; competitive
 and general economic factors and conditions; the maintenance of satisfactory
 relationships with unions, employee associations and joint ventures; the
 uncertainties resulting from potential delays or changes in plans; the
 occurrence of unexpected events; and Suncor's capability to execute and
 implement its future plans. Further discussion of the risks, uncertainties and
 other factors that could affect these plans, and any actual results, is
 described in Suncor Energy's annual report to shareholders and other documents
 filed with regulatory authorities.
 
 

SOURCE Suncor Energy Inc.
    FORT MCMURRAY, AB, April 12 /PRNewswire/ - Oil production from Suncor
 Energy Inc.'s oil sands plant is flowing again as the company successfully
 completed maintenance on a unit in its upgrading facility.
     The 9-day interruption will impact second quarter production levels, but
 the company does not expect its 2001 oil sands production target of 130,000
 barrels per day to be affected by the interruption. Regulators and customers
 were notified in advance of the production outage.
     "The maintenance work was fairly routine and should contribute to the
 reliability of the facility," says Mike Ashar, executive vice president of
 Suncor's Oil Sands business. "I am pleased that the maintenance on the unit
 was completed in a safe and efficient manner."
     The maintenance work did not have an impact on the construction schedule
 for Project Millennium, an expansion project currently underway at the oil
 sands facility. Project Millennium is on schedule for commissioning in the
 latter half of 2001 and is expected to reach full production capacity of
 225,000 barrels per day in January 2002.
     While the maintenance work was underway, Suncor took the opportunity to
 do some necessary tie-ins between the base plant and Millennium facilities,
 and some routine maintenance in other areas of the oil sands plant, such as
 the Naphtha Recovery Unit (NRU) and the sulphur dioxide removal facility.
 Government regulators and the Wood Buffalo Environmental Association, which
 monitors and reports emissions in the region, were informed.
     Suncor Energy is an integrated Canadian energy company. Suncor's Oil
 Sands business mines and upgrades oil sand and markets custom-blended refinery
 feedstocks and premium transportation fuels, near Fort McMurray in Northern
 Alberta. Suncor is also a conventional natural gas producer in Western Canada;
 and operates a refining and marketing business in Ontario under the Sunoco
 brand. At the same time as Suncor meets today's energy needs, the company
 invests in alternative and renewable energy for the future. Suncor Energy's
 common shares and preferred securities are listed for trading on the Toronto
 and New York stock exchanges.
 
     This news release contains forward-looking statements. All statements
 that address goals, expectations or projections about the future, including
 statements about Suncor's strategy for growth, schedules and production
 volumes and operating, or financial results, are forward looking statements
 that are based on Suncor's current goals, expectations, projections,
 estimates, assumptions and plans, and were made by Suncor in light of its
 experience and its perception of historical and future trends. Some of the
 forward looking statements may be identified by words like "expects",
 "anticipates", "plans", "scheduled", "estimates", "budgets", "goals", 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. These could include: changes in general economic, market and business
 conditions; fluctuations in supply and demand for Suncor's products;
 fluctuations in commodity prices and currency exchange rates; the impact of
 stakeholder consultation; the regulatory process; technical issues;
 environmental issues; technological capabilities; new legislation; competitive
 and general economic factors and conditions; the maintenance of satisfactory
 relationships with unions, employee associations and joint ventures; the
 uncertainties resulting from potential delays or changes in plans; the
 occurrence of unexpected events; and Suncor's capability to execute and
 implement its future plans. Further discussion of the risks, uncertainties and
 other factors that could affect these plans, and any actual results, is
 described in Suncor Energy's annual report to shareholders and other documents
 filed with regulatory authorities.
 
 SOURCE Suncor Energy Inc.