Canada's Suncor Energy Plans More than $7.8 Billion in Capital Spending for 2014

SUGAR LAND--February 3, 2014--Written by Edward Weatherly for Industrial Info Resources (Sugar Land, Texas)--Suncor Energy Incorporated (TSX/NYSE:SU) (Calgary Alberta) has announced a capital spending program of more than $7.8 billion for sustaining and capital-growth projects for 2014. This capital spending program will enable Suncor to sustain a 2014 production target of 565,000 to 610,000 barrels of oil equivalent per day (BOE/d) and to advance new projects towards production. Approximately $4.45 billion, or 57%of the total $7.8 billion, will be concentrated continuing oil-sands operations or advancing new oil-sands projects to fruition in the Fort McMurray sector of Alberta