Page 59 - Suncor AR English

Suncor plans to focus on the completion of the well pads In the North Sea, the company plans to continue

that are intended to offset natural production declines in evaluating the operated Beta prospect and plans to
Firebag and Mackay River. The company also plans to commence further appraisal drilling in 2014. In addition,

progress infill drilling programs at Firebag.
the company plans to participate in four non-operated
exploration wells in 2014. With respect to the non-

Oil Sands Ventures
operated Butch licence, drilling and evaluation activities of
Capital expenditures in 2014 for Syncrude are expected to the Butch East well are expected to be complete in the first

focus on completing the mine train replacement for the half of 2014 with plans for a second exploration well in
Mildred Lake mining area and progress the tailings mid-2014. Suncor continues to evaluate further exploration

management program, including the construction of a opportunities for its remaining licences, including four
centrifuge plant.
newly acquired licences in Norway, where Suncor is the

Suncor and the co-owners of the Joslyn mining project operator on two of the licences. Exploration activity on the
new licences will primarily involve acquisition or processing
continue to focus on design engineering and regulatory
work, and plan to provide an update on the targeted of seismic data, some of which will commence in 2014.

timing for a project sanction decision when available.
Refining and Marketing
The company expects that sustaining capital will focus on
Exploration and Production
The company has multiple field extension projects planned maintenance events and routine asset
replacement, and that growth capital is expected to be
underway which leverage existing facilities and deployed on projects to prepare the Montreal refinery to
infrastructure.
receive and process heavier crudes, including integration
Subsea drilling commenced for the HSEU in early 2014. with the company’s Oil Sands operations.

Overall production increases from the Hibernia field are
expected to begin in 2015. For the SWRX, detailed
Renewable Energy
engineering and procurement activities are expected to Growth capital will be focused on progressing projects
continue and subsea installation is planned for completion within the company’s renewable business. The Adelaide

in late 2014. First oil is expected in late 2014 or early project received regulatory approval in December 2013 and
2015. A sanction decision for further expansion into the has an expected completion date of late 2014. The Cedar
western portion of the White Rose field is targeted for the
Point project will continue to progress through the
second half of 2014. The current project plan consists of a regulatory process in 2014. The two projects, based in
wellhead platform, including a concrete gravity structure
Ontario, are expected to add 140 MW of gross installed
with topsides, drilling facilities and support services that capacity, increasing the gross installed capacity of Suncor’s
will tie back into the existing White Rose FPSO for
wind projects by 55%.
processing, storage and offloading.

SUNCOR ENERGY INC. ANNUAL REPORT 2013 55