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The following provides an aging of amounts capitalized as suspended exploratory wells at December 31 based on the
completion date of the individual well.
($ millions) 2013 2012
Suspended exploratory well costs that have been capitalized for a period less than one year 9 4
.......................................................................................................................................................................................................................................................
Suspended exploratory well costs that have been capitalized for a period greater than
one year 333 314
342 318
Number of suspended exploratory wells that have been capitalized for a period greater than
one year 8 8
Suspended capitalized costs for exploratory wells completed prior to the end of 2013 are associated with projects located
in i) Norway (three wells), ii) Libya (five wells) and iii) East Coast Canada (one well). The projects are awaiting the
completion of economic evaluations including, but not limited to, results of additional appraisal drilling, additional
geological and geophysical data, and development plan approval.
36. SUBSEQUENT EVENT
On February 3, 2014, the company’s Board of Directors approved a 15% increase to the company’s quarterly dividend to
$0.23 per common share beginning in the first quarter of 2014. The Board of Directors also approved up to an additional
$1.0 billion worth of the company’s common shares to be purchased, subject to regulatory approval.
SUNCOR ENERGY INC. ANNUAL REPORT 2013 135
