Suncor Energy Inc.

Suncor Energy Inc.

January 08, 2009 00:00 ET

Suncor Energy reports oil sands production numbers for December 2008

Calgary, Alberta (January 8, 2009) — Suncor Energy Inc. reported today that production at its oil sands facility during December averaged approximately 235,000 barrels per day (bpd). With the completion on schedule of unplanned maintenance activities following a fire in late November, the company achieved its revised production target for the month despite inclement weather conditions. Annual oil sands production during 2008 averaged approximately 228,000 bpd.

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. Fourth quarter and full-year 2008 production volumes will be confirmed when Suncor's fourth quarter results are released on January 20, 2009.
 
This news release contains forward-looking statements identified by the word "target" and similar expressions that address expectations or projections about the future. Forward-looking statements are based on Suncor's current goals, expectations, estimates, projections and assumptions made in light of its experiences and the risks, uncertainties and other factors related to its business. Assumptions used to develop our outlook are based on year-to-date performance and management's best estimates for the remainder of the year. Readers are cautioned that actual results could differ materially from those expressed or implied as a result of changes to Suncor's plans and the impact of events, risks and uncertainties discussed in Suncor's current annual information form/form 40-F, annual and quarterly reports to shareholders and other documents filed with Canadian securities commissions at www.sedar.com and the United States Securities and Exchange Commission (SEC) at www.sec.gov.

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.

Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco Inc. of Philadelphia. Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66® brand and marks in the state of Colorado.

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For further information, contact:
Shawn Davis
(403) 920-8379