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Suncor Energy Reports Oil Sands Production Numbers for December 2007

Posted on: Thursday, 10 January 2008, 06:00 CST

CALGARY, Jan. 10 /PRNewswire-FirstCall/ -- Suncor Energy Inc. reported today that production at its oil sands facility during December averaged approximately 234,000 barrels per day (bpd). Annual oil sands production during 2007 averaged approximately 236,000 bpd, compared to Suncor's target of 240,000 to 245,000 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 2007 production volumes will be confirmed when Suncor's fourth quarter results are released on January 22, 2008.

This news release contains a forward-looking statement identified by the word "target" that is based on Suncor's current expectations, estimates, projections and assumptions made in light of its experiences and the risks, uncertainties and other factors related to its business. Actual events could differ materially 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, annual and quarterly reports 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 refining operations in Colorado and retail sales in the Denver area under the Phillips 66(R) 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(R) brand and marks in the state of Colorado.

Suncor Energy Inc.

CONTACT: Brad Bellows, (403) 269-8717

Source: PRNewswire-FirstCall

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