Page 150 - Suncor AR English

OPERATING SUMMARY INFORMATION

Definitions

(1) Average sales price – This is calculated before royalties (where applicable) and net of related transportation costs.
(2) Cash operating costs – Include cash costs that are defined as operating, selling and general expenses (excluding inventory changes and non-production
costs), and including operating revenues associated with excess power from cogeneration units.

(3) Average price realized – This operating statistic is calculated before transportation costs and royalties and excludes the impact of hedging activities.

Explanatory Notes

* Excludes the impact of realized hedging activities.

** During the second half of 2013, no sales were recorded in Libya as there were no liftings during the period due to continued political unrest.
*** Effective January 1, 2013, the Edmonton refinery’s nameplate capacity increased to 140 mbbls/d. Effective January 1, 2012, the Montreal and the
commerce city refineries’ nameplate capacities increased to 137 mbbls/d and 98 mbbls/d, respectively. Comparative utilization percentages have not
been restated.

**** Users are cautioned that Syncrude cash costs per barrel measure may not be fully comparable to similar information calculated by other entities
(including Suncor’s own cash costs per barrel excluding Syncrude) due to differing operations of each company as well as their respective accounting
policy choices.

Abbreviations

mbbls/d – thousands of barrels per day
mcf – thousands of cubic feet
mcfe – thousands of cubic feet equivalent

mmcf/d – millions of cubic feet per day
mmcfe/d – millions of cubic feet equivalent per day

boe – barrels of oil equivalent
mboe/d – thousands of barrels of oil equivalent per day

SCO –
Synthetic Crude Oil

Metric conversion

Crude oil, refined products, etc. 1m 3 (cubic metre) = approx. 6.29 barrels

146 SUNCOR ENERGY INC. ANNUAL REPORT 2013