Suncor provides update on Base Plant mining operations
August 17 2020 - 1:24AM
Suncor today provided an update on the Base Plant mining operations
following an incident which occurred on August 14, 2020.
At approximately 7 p.m. MT on August 14, a fire occurred in the
secondary extraction area of the Base Plant mining operations
impacting mined bitumen production. The fire was contained quickly
and extinguished some hours later. All personnel in the immediate
and surrounding areas were safely evacuated and there were no
injuries. The appropriate regulators have been notified. We are
accelerating some Q3 maintenance while preparing for a safe and
staged return to normal operations.
Both upgraders at Base Plant remain online at minimum rates and
are processing in situ bitumen. Based on our current assessment, we
expect mined bitumen production to return to operation by early
September. A further operational update will be provided within
that timeframe.
Legal Advisory – Forward-Looking Information
This news release contains certain forward-looking information and
forward-looking statements (collectively referred to herein as
“forward-looking statements”) within the meaning of applicable
Canadian and U.S. securities laws. Forward-looking statements in
this news release include references to Suncor's expectation that
mined bitumen production will return to operation by early
September. Forward-looking statements are based on Suncor’s current
expectations, estimates, projections and assumptions that were made
by the company in light of its information available at the time
the statement was made and consider Suncor’s experience and its
perception of historical trends, including expectations and
assumptions concerning: the accuracy of reserves estimates; the
current and potential adverse impacts of the COVID-19 pandemic,
including the status of the pandemic and future waves and any
associated policies around current business restrictions,
shelter-in-place orders or gatherings of individuals; commodity
prices and interest and foreign exchange rates; the performance of
assets and equipment; capital efficiencies and cost savings;
applicable laws and government policies; future production rates;
the sufficiency of budgeted capital expenditures in carrying out
planned activities; the availability and cost of labour, services
and infrastructure; the satisfaction by third parties of their
obligations to Suncor; the development and execution of projects;
and the receipt, in a timely manner, of regulatory and third-party
approvals.
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 Suncor. Suncor’s actual results may differ materially
from those expressed or implied by its forward-looking statements,
so readers are cautioned not to place undue reliance on them.
Suncor’s Annual Information Form and Annual Report to
Shareholders, each dated February 26, 2020, Form 40-F dated
February 27, 2020, Management’s Discussion and Analysis dated for
the second quarter of 2020, dated July 22, 2020, and other
documents Suncor 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 3E3, by calling 1-800-558-9071,
or by email request to invest@suncor.com or by referring to the
company’s profile on SEDAR at sedar.com or EDGAR at 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.
For more information about Suncor, visit our website at
suncor.com, follow us on Twitter @Suncor or
together.suncor.com.
Media inquiries: 1-833-296-4570 media@suncor.com
Investor inquiries: 800-558-9071 invest@suncor.com
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