Page 31 - Suncor AR English

4. SEGMENT RESULTS AND ANALYSIS

Suncor has classified its operations into the following segments:

OIL SANDS
EXPLORATION AND PRODUCTION

Suncor’s Oil Sands segment, with assets located in the Suncor’s Exploration and Production segment consists of

Wood Buffalo region of northeast Alberta, recovers offshore operations off the east coast of Canada and in the
bitumen from mining and in situ operations and either North Sea, and onshore operations in North America, Libya

upgrades this production into SCO for refinery feedstock and Syria.
and diesel fuel, or blends the bitumen with diluent for
• East Coast Canada operations include Suncor’s
direct sale to market. The Oil Sands segment includes:
37.675% working interest in Terra Nova, which Suncor

• Oil Sands Operations refer to Suncor’s wholly owned operates. Suncor also holds a 20% interest in the
and operated mining, extraction, upgrading, in situ and Hibernia base project and a 19.5% interest in the

related logistics and storage assets in the Athabasca oil Hibernia Southern Extension Unit (HSEU), a 27.5%
sands. Oil Sands Operations consist of:
interest in the White Rose base project and a 26.125%

• Oil Sands Base operations include the Millennium interest in the White Rose Extensions, and a 22.729%
interest in Hebron, all of which are operated by other
and North Steepbank mining and extraction
operations, integrated upgrading facilities known as companies.

Upgrader 1 and Upgrader 2, and the associated • International operations include Suncor’s 29.89%
infrastructure for these assets – including utilities, working interest in Buzzard and its 26.69% interest in

energy and reclamation facilities, such as Suncor’s Golden Eagle. Both projects are located in the
tailings management (TRO) assets.
U.K. sector of the North Sea and are not operated by

• In Situ operations include oil sands bitumen Suncor. Suncor also holds interests in several
exploration licences offshore the U.K. and Norway.
production from Firebag and MacKay River and
supporting infrastructure, such as central processing Suncor owns, pursuant to Exploration and Production
Sharing Agreements (EPSAs), working interests in the
facilities, cogeneration units and hot bitumen
infrastructure, including an insulated pipeline, exploration and development of oilfields in the Sirte
Basin in Libya. As at February 28, 2014, production in
diluent import capabilities and a cooling and Libya is shut-in due to political unrest. Suncor also
blending facility, and related storage assets. In Situ
production is either upgraded by Oil Sands Base or owns, pursuant to a Production Sharing Contract (PSC),
an interest in the Ebla gas development in the Ash
blended with diluent and marketed directly
to customers.
Shaer and Cherrife areas in Syria. Due to political
unrest in Syria, the company has declared force
• The Oil Sands segment also includes the company’s
majeure under its contractual obligations, and Suncor’s
interests in significant growth projects, including its operations in Syria have been suspended indefinitely.
40.8% interest in the Fort Hills mining project where
• North America Onshore operations include Suncor’s
Suncor is the operator and its 36.8% interest in the
Joslyn North mining project. The company also holds a working interests in unconventional natural gas and
crude oil assets in Western Canada, including
12.0% interest in the Syncrude oil sands mining and
upgrading operation (these assets were formerly known unconventional oil and natural gas properties in central
Alberta and northeast B.C.
as Oil Sands Ventures prior to an internal
reorganization effective January 1, 2014).

SUNCOR ENERGY INC. ANNUAL REPORT 2013 27