Page 83 - Suncor AR English

Common Abbreviations

The following is a list of abbreviations that may be used in this MD&A:

Measurement
Places and Currencies

bbl barrel
U.S. United States
bbls/d barrels per day
U.K. United Kingdom
mbbls/d thousands of barrels per day
B.C.
British Columbia

boe barrels of oil equivalent
$ or Cdn$
Canadian dollars
boe/d barrels of oil equivalent per day
US$ United States dollars

mboe thousands of barrels of oil equivalent
£
Pounds sterling
mboe/d thousands of barrels of oil equivalent per day
c
Euros

mcf thousands of cubic feet of natural gas
Financial and Business Environment
mcfe thousands of cubic feet of natural gas equivalent DD&A Depreciation, depletion and amortization

mmcf millions of cubic feet of natural gas
WTI West Texas Intermediate
mmcf/d millions of cubic feet of natural gas per day
mmcfe millions of cubic feet of natural gas equivalent WCS Western Canadian Select
SCO Synthetic crude oil
mmcfe/d millions of cubic feet of natural gas equivalent
per day

MW megawatts

Forward-Looking Information
Forward-looking statements in this MD&A include

The MD&A contains certain forward-looking statements references to:
within the meaning of applicable Canadian and
Suncor’s expectations about production volumes and the
U.S. Securities laws and other information based on performance of its existing assets, including that:
Suncor’s current expectations, estimates, projections and
assumptions that were made by the company in light of • An increase in capacity by 20% to 38,000 bbls/d by

information available at the time the statement was made the end of 2015 at the MacKay River facility as a result
and consider Suncor’s experience and its perception of of debottlenecking activities, which are expected to be
substantially completed by 2014;
historical trends, including expectations and assumptions
concerning: the accuracy of reserves and resources • Extension projects at Hibernia are expected to extend

estimates; commodity prices and interest and foreign productive life and increase overall production starting
exchange rates; capital efficiencies and cost-savings; in 2015;

applicable royalty rates and tax laws; future production • The expectation to start steaming a well pad at
rates; the sufficiency of budgeted capital expenditures in
MacKay River in the second quarter of 2014; and
carrying out planned activities; the availability and cost of
labour and services; and the receipt, in a timely manner, of • Rail transport to Quebec is expected to increase to
approximately 35,000 bbls/d in the first quarter of
regulatory and third-party approvals. In addition, all other
statements and other information that address expectations 2014.

or projections about the future, and other statements and The anticipated duration and impact of planned
information about Suncor’s strategy for growth, expected maintenance events, including that:

and future expenditures or investment decisions, • No major turnarounds planned at Oil Sands Operations
commodity prices, costs, schedules, production volumes,
until 2016. The company plans to complete routine
operating and financial results, future financing and capital maintenance on three coker units, in addition to
activities, and the expected impact of future commitments
seasonal maintenance throughout 2014 in Oil Sands
are forward-looking statements. Some of the forward- Operations;
looking statements and information may be identified by
• Routine annual planned maintenance has been
words like ‘‘expects’’, ‘‘anticipates’’, ‘‘will’’, ‘‘estimates’’,
‘‘plans’’, ‘‘scheduled’’, ‘‘intends’’, ‘‘believes’’, ‘‘projects’’, scheduled at Terra Nova and White Rose in the third
quarter of 2014, and in the second and third quarters
‘‘indicates’’, ‘‘could’’, ‘‘focus’’, ‘‘vision’’, ‘‘goal’’, ‘‘outlook’’,
‘‘proposed’’, ‘‘target’’, ‘‘objective’’, ‘‘continue’’, ‘‘should’’, of 2014 at Buzzard; and

‘‘may’’ and similar expressions.
• Planned maintenance events at Commerce City refinery
in the first quarter of 2014 with an expected duration

of three weeks, a five-week maintenance in the second

SUNCOR ENERGY INC. ANNUAL REPORT 2013 79