Suncor Energy Inc.

Suncor Energy Inc.

January 23, 2007 00:00 ET

Suncor Energy responds to fire at oil sands facility

Fort McMurray, AB (January 23, 2007) — Suncor Energy today reported a fire in a diluent recovery unit of Upgrader 2 at the company's oil sands facility. The fire, which began at approximately 1:15 p.m. MT, was quickly brought under control by Suncor's on-site emergency services, but is expected to continue to burn under controlled conditions until remaining product in the unit is consumed.

There are no reported injuries and all employees and contractors have been accounted for.

Production from Upgrader 2 has been temporarily reduced; Upgrader 1 is continuing with normal operations. Regulators have been notified.

This news release contains forward-looking statements that address goals, expectations or projections about the future. These statements are based on Suncor's current goals, expectations, estimates, projections and assumptions, as well as its current budgets and plans for capital expenditures. The forward-looking statement may be identified by the word "expected". 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. Further discussion of the risks, uncertainties and other factors that could affect these plans, and any actual results, is included in Suncor's annual report to shareholders and other documents filed with regulatory authorities.

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 pipeline and refining operations in Colorado and Wyoming 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.

 

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For further information, contact:

Brad Bellows    

(403) 269-8717