Page 58 - AIF - English

STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION

on the chance of development. Significant factors that may application for regulatory approvals. Once there is a high

change contingent resources estimates include further level of certainty of receiving all regulatory, corporate and
delineation drilling, future technology improvements, and co-owner approvals, as applicable, and all other

additional processing capacity.
contingencies are removed, the resources may then be
reclassified as reserves.
Generally, the contingencies which may currently prevent
the classification of the contingent resources as reserves Also, the company has assumed that some Mining and In

include:
Situ contingent resources will be upgraded and sold as
SCO. To the extent that these volumes are not upgraded,
• The need for higher density core hole drilling to
improve the certainty of Mining and In Situ resources;
but rather sold as bitumen, contingent resources volumes
reported would be lower for SCO and higher for bitumen,
• The need for further facility design and the associated
and total contingent resources volumes would be higher,
uncertainty in development costs and timelines;
because of the yield factor applied to bitumen volumes

• The preparation of firm development plans and when upgraded into SCO. Conversely, to the extent that
regulatory applications (including associated reservoir more volumes are upgraded, total contingent resources

studies and delineation drilling);
volumes would be lower.

• Regulatory approvals; and
Suncor’s Best Estimate of gross contingent resources are set
out in the table below. Gross contingent resource means
• Board, management or partner approval, as applicable, Suncor’s working interest (operated and non-operated)
to proceed with development.
share before deduction of royalties and without including
The additional facility design work, development plans, any royalty interests of Suncor.

reservoir studies and delineation drilling are often
completed in the course of preparing the company’s

Light &

SCO
Bitumen
Medium Oil
Natural Gas NGLs
Total(5)
Best Estimate Contingent Resources mmbbls
mmbbls
mmbbls
bcf mmbbls
mmboe

Mining 4 610
813
—
5 423
— —
.......................................................................................................................................................................................................................................................
In Situ 6 070 7 309 — — — 13 379
.......................................................................................................................................................................................................................................................
East Coast Canada — — 222 2 678 — 668
.......................................................................................................................................................................................................................................................
North America Onshore(1)(2) — — 35 16 620 238 3 043

Total Canada(5) 10 680 8 122 256 19 298 238 22 514
.......................................................................................................................................................................................................................................................
North America Onshore – U.S. — — — 449 — 75
.......................................................................................................................................................................................................................................................
North Sea(3) — — 52 103 — 69
.......................................................................................................................................................................................................................................................
Other International(4)
— — 397 985 27 588

As at December 31, 2013(5) 10 680 8 122 705 20 836 265 23 245

As at December 31, 2012
11 001
8 109 759 20 205
250 23 486

(1) Includes offshore fields in the Arctic Islands.
(2) Includes contingent resources for the Montney shale formation of northeast B.C., with an effective date of June 30, 2013. The contingent resources

associated with this formation include 8,075 bcf of Natural Gas and 214 mmbbls of NGLs.
(3) Includes offshore Norway and the U.K.
(4) Includes contingent resources for Syria of approximately 206 mmboe. A portion of these contingent resources were previously classified as reserves as

at December 31, 2011, based on a reserves evaluation prepared by Sproule with an effective date of December 31, 2011. These reserves have been
reclassified as contingent resources as a result of Suncor’s suspension of operations in Syria and the resources have an effective date of
December 31, 2011.
(5) Figures may not add due to rounding.

Contingent resources decreased to 23,245 mmboe at partially offset by an increase in the company’s In Situ

December 31, 2013 from 23,486 mmboe at December 31, contingent resources due to property acquisitions and
2012, due primarily to the transfer of bitumen volumes additional drilling that added bitumen contingent resources

related to the Fort Hills mining project to proved plus primarily at the company’s Lewis property.
probable reserves in 2013 upon receipt of project sanction,

56 SUNCOR ENERGY INC. ANNUAL INFORMATION FORM 2014