Page 91 - AIF - English

ADVISORY – FORWARD-LOOKING INFORMATION

This AIF contains certain forward-looking information and reinstate a second flowline to a subsea drill centre in
forward-looking statements (collectively referred to herein 2014.

as ‘‘forward-looking statements’’) within the meaning of Suncor’s expectations about where future capital
applicable Canadian and U.S. securities laws. Forward-
expenditures will be directed, the timing for completion of
looking statements and other information is based on growth and other significant projects, and the results of
Suncor’s current expectations, estimates, projections and
such projects, including:
assumptions that were made by the company in light of • The company’s expectations that the Voyageur South
information available at the time the statement was made
and Audet leases can be developed using mining
and consider Suncor’s experience and its perception of techniques;
historical trends, including: expectations and assumptions
• The company’s expectations that the Meadow Creek,
concerning the accuracy of reserves and resources
estimates; commodity prices and interest and foreign Lewis, Chard and Kirby leases can be developed using
in situ techniques and that the company may
exchange rates; capital efficiencies and cost-savings;
applicable royalty rates and tax laws; future production undertake exploratory drilling programs;
• That the company plans to drill 50 core holes at Lewis
rates; the sufficiency of budgeted capital expenditures in
carrying out planned activities; the availability and cost of and 66 core holes at Meadow Creek in winter 2014;

labour and services; and the receipt, in a timely manner, of • The company plans to work towards a 2014 sanction
regulatory and third-party approvals. In addition, all other decision of an additional central processing facility at

statements and other information that address expectations MacKay River, which is targeted to have an initial
or projections about the future, and other statements and design capacity of approximately 20 mbbls/d and first

information about Suncor’s strategy for growth, expected oil in 2017;
and future expenditures or investment decisions,
• Plans for centrifuge technology at Syncrude that
commodity prices, costs, schedules, production volumes, separates water from tailings;
operating and financial results, future financing and capital
• The Fort Hills mining project is expected to produce
activities, and the expected impact of future commitments first oil by the fourth quarter 2017 and is expected to
are forward-looking statements. Some of the forward-
achieve 90% of its planned production capacity of
looking statements and information may be identified by 180 mbbls/d (73 mbbls/d net to Suncor) within its first
words like ‘‘expects’’, ‘‘anticipates’’, ‘‘will’’, ‘‘estimates’’,
‘‘plans’’, ‘‘scheduled’’, ‘‘intends’’, ‘‘believes’’, ‘‘projects’’, year;

‘‘indicates’’, ‘‘could’’, ‘‘focus’’, ‘‘vision’’, ‘‘goal’’, ‘‘outlook’’, • The company’s expected share of costs for the Fort Hills
‘‘proposed’’, ‘‘target’’, ‘‘objective’’, ‘‘continue’’, ‘‘should’’, project are $5.5 billion and project activities for 2014

‘‘may’’ and similar expressions.
are expected to focus on detailed engineering,
procurement and ramp-up of field construction
Forward-looking statements in this AIF include references
to:
activities;
• Plans for the Joslyn North mining project, including
Suncor’s expectations about production volumes and the
157 mbbls/d of bitumen production (gross);
performance of its existing assets, including:
• The continuation of the debottlenecking project of • Development plans for Terra Nova, which will include a
production well and a water injection well that the
existing central processing facilities at MacKay River in
2014 that will increase bitumen processing capacity by company anticipates will add production and mitigate
natural declines from the reservoir;
20% by the end of 2015 to a total capacity of
38 mbbls/d; and
• Development plans for the HSEU, which include drilling
up to two additional production wells from the GBS
• The TROprocess is expected to accelerate and
TM platform and six water injection wells and that
improve the company’s tailings management processes, production from the HSEU is not expected to reach
eliminate the need for new tailings ponds at existing
higher rates until 2015 when the planned water
mining operations, and, in the years ahead, reduce the injection wells are completed;
number of tailings ponds presently in operation.
• That the number of production and injection wells
The anticipated duration and impact of planned
maintenance events, including:
required at HSEU may need to be revised as
development proceeds and uncertainties about reservoir
• The next scheduled turnaround at Oil Sands Operations
capability are resolved;
is in 2016; and
• Development plans for the White Rose Extensions,
• At Terra Nova, the company plans to perform
including that the sanction is planned for the second
maintenance on several production wells and to
half of 2014, that water injection infrastructure will be

SUNCOR ENERGY INC. ANNUAL INFORMATION FORM 2014 89