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For Other International, contingent resources in Libya geographically remote areas are also contingent upon the
associated with developed fields are economic, while the development of a suitable regulatory framework.
economic viability of resources associated with fields that
As a result of the suspension of Suncor’s operations in
are not developed is undetermined, but the company Syria, volumes classified as reserves at December 31, 2011
anticipates that it will complete economic assessments for
are classified as contingent resources at December 31,
these fields in the next five years.
2013. For these resources to be reclassified as reserves,
sanctions that are applicable to Suncor and that were
Non-Technical Contingencies
initiated as a result of political unrest in Syria must be
The reclassification of contingent resources associated with
lifted, and the overall political environment must improve
the Exploration and Production segment to reserves is and stabilize so that the company can resume business in
contingent upon the receipt of appropriate regulatory
Syria. In addition, if infrastructure such as pipes and wells
approvals, and an assessment that development will be were damaged as a result of the political unrest, then the
sanctioned by Suncor’s Board and co-owners, as applicable,
infrastructure will potentially need to be repaired or rebuilt
and commence within a reasonable time frame. Contingent in order to reclassify the resources as reserves.
resources for some North America Onshore properties in
SUNCOR ENERGY INC. ANNUAL INFORMATION FORM 2014 59