Suncor Energy reduces production as a result of flooding-related pipeline
CALGARY, ALBERTA -- (Marketwired) -- 06/24/13 -- Suncor Energy today
reports that it has temporarily reduced production from its Fort
McMurray operations as a result of the precautionary shutdown of the
Enbridge pipeline system within the Fort McMurray region.
"As a result of the precautionary pipeline shutdowns, our ability to
move product out of the region has been restricted and we've
temporarily slowed production at our oil sands operations," said
Steve Williams, Suncor president and chief executive officer. "We're
using our existing storage capacity, as well as moving volume on our
Oil Sands pipeline, to mitigate the impact while we work with
Enbridge to facilitate safely bringing the pipelines back into
As a result of the pipeline shutdowns, Suncor is in communication
with those customers who may be impacted.
The corporate head office, the Suncor Energy Centre remained dry and
with power during the flood and will reopen once the City has
provided clearance to access the downtown. During this time the
company has enacted response procedures to ensure the safety of
employees, protection of property and business continuity. Critical
functions and essential work are being supported from offices in
locations outside Calgary's downtown core.
At this time, Suncor does not anticipate an impact on its ability to
meet annual production guidance.
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.
The forward-looking statement in this news release includes reference
to: Suncor not anticipating an impact on its ability to meet annual
production guidance. 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 you are cautioned not to place undue reliance on them.
Suncor's Earnings Release, Quarterly Report and Management's
Discussion & Analysis for the first quarter of 2013 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 firstname.lastname@example.org or by referring to the
company's profile on SEDAR at www.sedar.com or EDGAR at www.sec.gov.
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.
Suncor Energy is Canada's leading 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
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For more information about Suncor Energy please visit our web site at
suncor.com, follow us on Twitter @SuncorEnergy or read our blog,
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