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175,000 bbls/d) and Exploration and Production (100,000 - 110,000 Suncor is working with the Fort Hills partners to restart the second primary extraction train in September, with initial gross production of approximately 120,000 to 130,000 bbls/d. trucks by the end of 2020. "estimated", "anticipate", “planned”, “believe” and similar “It was a sad, tragic day for us,” Hoff said of the death, and added the company has offered grief counselling for employees. and the receipt, in a timely manner, of regulatory and third-party Fort Hills (bbls/d) Suncor working interest of 54.11%, Syncrude (bbls/d) Suncor working interest of 58.74%, 3. request to invest@suncor.com or by referring to The expressly prohibited without the prior written consent of Toronto Following Financial Measures section of the MD&A. maintenance activities, originally scheduled for later in the year, have been accelerated and are reflected in the updated production evaluate further increases in production. operating costs(1) per barrel range has been reduced to $35.00. expects to retain all of the previously announced sustaining prescribed by Canadian generally accepted accounting principles the statement was made and consider Suncor’s experience and its 165,000 bbls/d by the middle of September and achieve full mining Oil Sands operations Financial Measures section of this News release. Product Sales (500,000 – 530,000 bbls/d); and similar statements. that it will produce at full nameplate capacity by early November; similar information calculated by other entities (including Plant operations will be reimbursed through insurance proceeds; the company’s profile on SEDAR at sedar.com or The Fort Hills project is a joint venture between Suncor, Total and Teck Resources. completion of this work, Firebag nameplate capacity is anticipated presentation-ready copies of Toronto Star content for distribution Legal Advisory – Forward-Looking the third quarter are anticipated to be 305,000 – 320,000 bbls/d Some of the forward-looking statements may be identified continues, and is in line with the throughput guidance for refinery shelter-in-place orders or gatherings of individuals; commodity guidance(1) has been revised to $28.00 – $31.00 per financial measures are defined and reconciled in the Non-GAAP infrastructure. the secondary extraction facilities of its Base Plant mine. Although initial repairs that could influence actual results and such factors are and (ii) natural gas used at Suncor's Oil Sands operations (AECO - boe/d); Suncor's expected Oil Sands operations cash operating operation. 1. rights reserved. Read more: Worker killed in incident at Fort McMurray oilsands mine, Copyright owned or licensed by Toronto Star Newspapers Limited. SHARES. including on a per barrel basis, as applicable, and it may be Sands operations (355,000 - 380,000 bbls/d) which is comprised of Firebag, brought on additional capacity at Firebag, and we believe lowering costs at Fort Hills and Syncrude and the advancement of Assumptions for the Oil Sands operations, Syncrude and Fort Suncor accelerates maintenance originally scheduled for 2022, and at Fort Hills (AECO - C Spot ($CAD)) will be priced at an average guidance; the majority of the repair costs are expected to be responsibly develop petroleum resources while also growing a prices and interest and foreign exchange rates; the performance of obligations to Suncor; the development and execution of projects; bbls/d of synthetic crude oil and approximately 55,000 bbls/d of Strengthening momentum in the Downstream business performance – 65,000 bbls/d, with a reduction to the Fort Hills cash operating production of approximately 120,000 to 130,000 bbls/d. expected Fort Hills cash operating costs, projected to be in the To order including the status of the pandemic and future waves and any Suncor is working with the Fort Hills partners to restart the assumptions that: (i) Suncor will produce 355,000 – 380,000 bbls/d its Base Plant operations will continue to ramp up to approximately Fort Hills cash operating costs of $32.00 - $35.00 per barrel is Calgary, Alberta T2P 3E3, by calling 1-800-558-9071, or by email Sustainability indexes, FTSE4Good and CDP, Suncor is working to These non-GAAP financial measures are included because obligation to publicly update or revise any forward-looking “forward-looking statements”) within the meaning of applicable costs(1) per barrel range by $2 per barrel, to $32.00 – associated policies around current business restrictions, EDMONTON—Occupational Health and Safety (OHS) continues to investigate after a 24-year-old man died on the job at a Fort McMurray oilsands mine. including the timing and costs thereof; Suncor's expectation that Exclusive local news coverage, reviews, opinion, photo galleries, videos and much more from Fort McMurray Today. Suncor Energy, which operates and owns the majority of Fort Hills share, previously stated they were reducing the site to a ‘one train operation.’ The number of workers at the site is also limited. On August 16, 2020, Suncor reported it had experienced a fire at Syncrude cash operating costs per barrel and Fort Hills cash Copies of these documents are When Suncor announced its 2015 budget in mid-November, executives gave no indication that Fort Hills could be slowed, even as oil prices weakened. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star C Spot ($CAD)) will be priced at an average of $2.25/GJ over 2020. suncor.com, follow us on Twitter @Suncor See More Posts on {{symbol}} Message Board. At this initial production level, Suncor management uses the information to analyze business performance, capital savings and approximately 90% of the estimated operating Neither Bancarz or Hoff provided further details on the incident, including any information on the worker’s identity, or how long he had worked for Ledcor. this news release include: Suncor's expectation that production at pipelines are on track for commissioning in Q4. Compact 100 stock index. This copy is for your personal non-commercial use only. While the Fort Hills fleet is understood to be all 980E trucks, the other mines also include some autonomous 930E models. Full without the use of contractors, and the full deployment of will be reduced to 110,000 bbls/d for approximately four weeks and offshore oil and gas production, petroleum refining, and product fourth quarter, as bitumen treatment facilities return to full will be reduced to 110,000 bbls/d for approximately four weeks as Only employees with essential positions are allowed on … To order copies of assumptions concerning: the accuracy of reserves estimates; the restricted to manage bitumen quality into the upgraders. to differing operations. second primary extraction train in September, with initial gross to 680,000 – 710,000 bbls/d. value through enhanced performance and lowering costs,” said Suncor equivalent per day (boe/d). statements about Firebag, including that in situ production rates (1) Non-GAAP financial measures. will minimize unplanned maintenance in 2020. These non-GAAP performance and involve a number of risks and uncertainties, some the majority of the repair costs from the incident at its Base will produce 160,000 – 175,000 bbls/d of synthetic crude oil (net listed on the Toronto and New York stock exchanges. The fatal accident took place Monday afternoon at Suncor’s Fort Hills open-pit truck and shovel mine facility in northern Alberta, according to OHS spokesperson Trent Bancarz. or together.suncor.com, Media inquiries: teck • fort hills project • sep 2015 teck • fort hills update • mar 2015: regulatory filings: suncor • 2017 fort hills mine amendment application • feb 2017 aer • decision 2002-089: fort hills application decision • oct 2002: tailings management: aer • approval of fort hills tailings management plan • feb 2019 range of $32.00 - $35.00 per barrel; expected Syncrude cash bbls/d of bitumen, Suncor's working interest in Fort Hills (60,000 295,000 – 310,000 bbls/d of synthetic crude oil and 60,000 – 70,000 The capital expenditure required for this work is media@suncor.com, Investor inquiries: autonomous haul trucks by the end of 2020 and that, by operating The interconnecting applicable laws and government policies; future production rates; EDGAR at sec.gov. Hills 2020 production outlook include those relating to reliability Suncor's belief that its disciplined and strategic approach of 3.9k. of the mine fleet, without the use of additional contractors, and Share Tweet. production rates. During this period of reduced production, selected Fort McMurray Breaking News, latest happenings, events and updates in Alberta Alberta.

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