Page 60 - AIF - English

STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION

section (except when that section is bound by sections with accumulations that are not currently producing,

greater than or equal to one well per section). The including those offshore Newfoundland and Labrador.
company expects that an assessment of the economic
• For North Sea, discoveries offshore Norway and the
viability of these resources will be undertaken when drilling U.K, including the Northern Terrace area, and an
density has increased such that it is adequate for reliable
extension from Buzzard.
mapping of effective pay intervals and as the company’s
long-term plans require additional bitumen to keep existing • For Other International, volumes associated with the
company’s suspended operations in Syria and, in Libya,
processing capacities associated with Firebag and MacKay
River operations full.
undeveloped portions within existing producing fields
and other discovered hydrocarbon accumulations that
Contingent resources for other In Situ properties (Chard,
are not currently producing.
Kirby, Lewis, Meadow Creek and MacKay River) were
assigned to sections with core holes, or lands within two
Economic Contingencies
legal subdivisions of a delineation well and net continuous Except as noted below, the economic status of other
bitumen pay greater than ten to 15 metres, depending on
contingent resources is undetermined. In general, further
the horizon and property. Within the Athabasca oil sands reservoir studies and delineation drilling, and preparation of
region, economic production has been demonstrated at
these thicknesses. Prior to reserves being assigned, these development plans and facility designs are required to
make a determination as to whether these contingent
contingent resources require the completion of further
reservoir studies and delineation drilling, and the resources would be economic under current conditions.

preparation of development plans and facility designs. The For North America Onshore, contingent resources
company expects that an assessment of the economic associated with the Wilson Creek Cardium tight oil play

viability of these contingent resources will be undertaken as have been determined to be economic. The economic
the company’s long-term plans for its upgrading facilities viability of contingent resources in the Montney shale gas

require additional bitumen.
formation are undetermined and there are currently no
near-term plans for development. The economic status of
contingent resources associated with certain fields in the
Non-Technical Contingencies
The reclassification of In Situ contingent resources to Arctic Islands is undetermined, but some may be economic
provided the natural gas resources are able to be delivered
reserves is also largely contingent upon an assessment that
development will be sanctioned and commence within a to markets outside of North America. Remaining North
America Onshore contingent resources are primarily in
reasonable time frame. Certain contingent resources
associated with Firebag and MacKay River have regulatory geographically remote areas and are currently
sub-economic due to lack of processing and transportation
approvals in place, but final investment decisions are
subject to detailed assessments of economic viability and infrastructure in these areas. These remote areas require
commitments to identify the existence of sufficient
approval by Suncor’s Board. For remaining In Situ
contingent resources, the company must still obtain resources for economic development, following which
construction of processing facilities and/or transportation
regulatory approvals and project sanction by Suncor’s Board
and/or co-owners, as applicable.
infrastructure would be required, which is not anticipated
to occur within the next five years.

Other Contingent Resources
For East Coast Canada, contingent resources for Hebron

Other contingent resources are associated with Suncor’s and some for Terra Nova have been determined to be
Exploration and Production segment. These other economic. The company anticipates that it will assess the

contingent resources comprise approximately 19% of economic viability of contingent resources for Hibernia and
Suncor’s total contingent resources and are anticipated to White Rose within the next five years, and that these

be recoverable using established technologies. These other contingent resources will be economic to develop under
contingent resources primarily include:
current market conditions. Timing for completion of

• For North America Onshore, resources in the Montney economic evaluation of remaining contingent resources is
not anticipated to occur within the next five years.
formation in northeast B.C., the Wilson Creek area in
Alberta, the Arctic Islands, the Mackenzie Delta and For the North Sea, contingent resources are in the appraisal

Corridor, and the Alaska Foothills.
stage. The economic status of these contingent resources is
undetermined, but the company anticipates that it will
• For East Coast Canada, extensions of existing
producing oilfields, natural gas resources associated assess their economic viability within the next five years
and that these contingent resources will be economic to
with existing producing oilfields, and other hydrocarbon
develop under current market conditions.

58 SUNCOR ENERGY INC. ANNUAL INFORMATION FORM 2014