Page 84 - Suncor AR English

ADVISORIES

quarter of 2014 and an eight-week maintenance event • A sanction decision for further expansion in the

beginning late in the third quarter of 2014 at the western portion of the White Rose field is targeted for
Montreal refinery, and a seven-week maintenance the second half of 2014;

event in the second quarter of 2014 and a four-week • First oil at Hebron is expected in 2017 and detailed
maintenance event in the third quarter of 2014 at the
engineering and construction of the gravity-based
Edmonton refinery.
structure and topsides will continue in 2014;

Suncor’s expectations about capital expenditures, and • Golden Eagle will achieve first oil in late 2014 or early
growth and other projects, including:
2015, with drilling operations expected to commence
• The company’s plans to advance a number of in early 2014;

debottlenecking initiatives across Oil Sands Operations • Plans to continue evaluating the operated Beta
and expansions at In Situ which are expected to grow
prospect and commence further appraisal drilling in
production at Oil Sands Operations sites to 2014, in addition, the company plans to participate in
approximately 500,000 bbls/d by the end of 2018;
four non-operated exploration wells 2014 in the
• A sanction decision for the MacKay River expansion North Sea;

project is expected for the second half of 2014, which • With respect to the non-operated Butch licence, drilling
is targeted to have an initial design capacity of
and evaluation activities of the Butch East well are
approximately 20,000 bbls/d with first oil expected in expected to be complete in the first half of 2014 with
2017. Certain synergies of key processes and utility
systems with the existing MacKay River facility
plans for a second exploration well in mid-2014;

are expected;
• Exploration activity on four new licences in Norway are
expected to involve primarily acquisition or processing
• Development drilling programs at both Firebag and of seismic data, some of which will commence in 2014;
MacKay River and infill drilling at Firebag are expected

to be an area of focus in 2014 in support of steady • The project to modify hydrocracking at the Montreal
production growth and sustainment;
refinery is expected to improve energy efficiency and
product yield by 2015 and contribute to the company’s
• Projects such as the turnaround of Upgrader 1 in the
integration strategies;
second quarter of 2013 are expected to contribute to
further reliability improvements;
• The company expects to complete the Adelaide wind
project by the fourth quarter of 2014. The Cedar Point
• Suncor’s portfolio of technology projects is expected to
project continues to progress through the regulatory
not only drive improvements and efficiencies in current process. The two projects, based in Ontario, are
production, but aid in developing future opportunities;
expected to add 140 MW of gross installed capacity,
• Suncor plans to develop the Fort Hills mining area increasing the gross installed capacity of Suncor’s wind

using traditional open-pit truck and shovel techniques, projects by 55%;
and solvent-based extraction technology that will allow
• Cost estimates, target completion dates and project
the mine to produce a final marketable bitumen details provided in the Capital Investment Update –
product. The project is expected to provide Suncor with
Significant Growth Projects Update section of
approximately 73,000 bbls/d of bitumen, with first oil this MD&A;
expected in the fourth quarter of 2017. Project
• Plans in 2014 to focus on the construction of assets to
activities in 2014 are expected to focus on detailed
engineering, procurement and the ramp up of field support the TRO process and activities aimed at
reducing freshwater use, including the construction of
construction activities;
a water treatment plant, which is expected to be
• Plans to provide an update on the targeted timing of a commissioned in early 2014;
sanction decision for the Joslyn mining area
• Completion of well pads at Firebag and MacKay River
when available;
are expected to offset natural production declines;
• The subsea installation for the SWRX project is planned
for 2014, as well as completion of detailed engineering • Plans for Syncrude to focus on completing the mine
train replacement for the Mildred Lake mining area and
and procurement activities, with first oil expected in
late 2014 or early 2015;
progress the tailings management program, including
the construction of a centrifuge plant;
• Maintenance on Terra Nova completed in 2013 is
• HSEU is expected to provide overall production
expected to contribute to improved reliability in 2014;
increases to the Hibernia field beginning in 2015;

80 SUNCOR ENERGY INC. ANNUAL REPORT 2013