Suncor Energy provides operational update

Suncor Energy provides operational update 
CALGARY, ALBERTA -- (Marketwire) -- 12/06/12 -- Suncor Energy today
provided an update on its Firebag in situ facility, Oil Sands Base
plant, and the Terra Nova Floating, Production, Storage and
Offloading (FPSO) facility. 
The company reports that it has achieved first oil throughput at its
Firebag 4 facility. Firebag 4 was safely commissioned during the
third quarter, approximately three months ahead of the original
schedule. The Firebag complex exited the month of November producing
approximately 130,000 barrels per day (bbls/d). 
As a result of unplanned maintenance in early November at Suncor's
Oil Sands Base plant, November oil sands production was lower than
anticipated averaging approximately 312,000 bbls/d. Maintenance
issues have been successfully resolved and the oil sands plant exited
the month producing in excess of 380,000 bbls/d. No significant
maintenance is planned for the month of December and the company
expects the facility to produce at full rates for the remainder of
the year. Despite the maintenance issues in November, it is expected
that oil sands production for 2012 will be at the lower end of the
guidance range of 325,000 to 340,000 bbls/d. 
Production numbers include upgraded sweet and sour synthetic crude
oil and die
sel as well as non-upgraded bitumen sold directly to the
market from all Suncor-operated facilities. Reported volumes do not
include Suncor's proportionate production share from the Syncrude
joint venture. 
In the Exploration and Production business, the Terra Nova FPSO
facility operating offshore Newfoundland and Labrador is in the final
stages of commissioning in preparation for start-up following planned
maintenance. The FPSO is expected to return to full production rates
around the end of December. 
Suncor expects total production to be within the company's annual
guidance range of 540,000 to 580,000 barrels of oil equivalent per
Certain statements in this news release constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian securities
legislation (collectively, "forward-looking statements"). All
forward-looking statements are based on Suncor's current
expectations, estimates, projections, beliefs and assumptions based
on information available at the time the statement was made and in
light of Suncor's experience and its perception of historical trends. 
Forward-looking statements in this news release include: the company
expects Suncor's Oil Sands Base plant to produce at full rates for
the remainder of the year; the expectation that 2012 oil sands
production (excluding Syncrude) will be at the lower end of the
guidance range of 325,000 to 340,000 bbls/d; the plan for the Terra
Nova FPSO to return to full production rates around the end of
December; and the expectation that Suncor's total production will be
within the company's annual guidance range of 540,000 to 580,000
barrels of oil equivalent per day. Forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties, some that are similar to other oil and gas companies
and some that are unique to our company. Suncor's actual results may
differ materially from those expressed or implied by our
forward-looking statements and readers are cautioned not to place
undue reliance on them. 
Suncor's Earnings Release, Quarterly Report and Management's
Discussion & Analysis for the third quarter of 2012 and its most
recently filed Annual Information Form/Form 40-F, Annual Report to
Shareholders and other documents it files from time to time with
securities regulatory authorities describe the risks, uncertainties,
material assumptions and other factors that could influence actual
results, and such factors are incorporated herein by reference.
Copies of these documents are available without charge from Suncor at
150 6th Avenue S.W., Calgary, Alberta, T2P 3Y7, by calling
1-800-558-9071, or by email request to or by
referring to the company's profile on SEDAR at or EDGAR
at Except as required by applicable securities laws,
Suncor disclaims any intention or obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. 
Certain natural gas volumes have been converted to barrels of oil
equivalent (boe) on the basis of one barrel to six thousand cubic
feet. Any figure presented in boe may be misleading, particularly if
used in isolation. A conversion ratio of one bbl of crude oil or
natural gas liquids to six thousand cubic feet of natural gas is
based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the
wellhead. Given that the value ratio based on the current price of
crude oil as compared to natural gas is significantly different from
the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis
may be misleading as an indication of value. 
Suncor Energy is Canada's premier integrated energy company. Suncor's
operations include oil sands development and upgrading, conventional
and offshore oil and gas production, petroleum refining, and product
marketing under the Petro-Canada brand. While working to responsibly
develop petroleum resources, Suncor is also developing a growing
renewable energy portfolio. Suncor's common shares (symbol: SU) are 
listed on the Toronto and New York stock exchanges. 
For more information about Suncor Energy please visit our web site at or follow us on Twitter @SuncorEnergy. 
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