Suncor Energy Inc. - President & CEO, Mark Little
President & CEO, Mark Little
Source: Twitter (@Suncor)
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  • Earlier this month, there was a fatality at the company’s base plant mining operations when two heavy haul trucks collided
  • The company has expressed its condolences to the family, friends, and colleagues of the deceased worker
  • Two other operational incidents in December caused lower-than-expected production rates for Q4 and full-year 2021, but so far in 2022 production is on track
  • Suncor has resolved the immediate operational issues caused by these incidents and the company is committed to implementing corrective actions
  • Suncor Energy is one of Canada’s largest integrated energy companies
  • Shares in Suncor Energy (SU) are currently down 0.94 per cent, trading at $35.77 per share

Suncor Energy (SU) has provided an update on recent safety incidents and its fourth-quarter 2021 production.

“We are deeply saddened by the fatality at our base plant mining operations on January 6, 2022,” stated the company in its press release. “We extend our thoughts and condolences to the family, friends and colleagues of the deceased worker.”

The incident occurred when one heavy haul truck rear-ended a second heavy haul truck while they were both driving up a mine haul ramp. The two workers in the moving haul truck that was struck from behind were taken to hospital and released with minor injuries. The driver of the other heavy haul truck did not survive.

Suncor also reported in its press release that there were two other operational incidents in December: one at the Syncrude mine and the other at the Firebag in situ operation.

“I am deeply disappointed by these events,” said Mark Little, president and CEO of Suncor, “and I am committed to implementing corrective actions, continuing to strengthen our processes and accountability, and to improving Suncor’s performance.”

The company has completed preliminary assessments on those incidents, which negatively impacted production by 195,000 barrels per day (bbls/d) in the second half of December.

As a result, 2021 annual production was 732,000 bbls/d or approximately 1 per cent below the company’s guidance range of 740,000 bbls/d.

Suncor has resolved the immediate operational issues and production at Syncrude and Firebag has returned to normal levels.

As of January 17, 2022, production at Syncrude and at Firebag was consistent with 2022 annual production guidance.

Suncor Energy is one of Canada’s largest integrated energy companies, operating in western Canada, east coast Canada, the United States, and the North Sea.

Shares in Suncor Energy (SU) are currently down 0.94 per cent, trading at $35.77 per share as of 2:01 pm EST.

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