Page 13 - Suncor 360 - January 2015

safest and most environmentally effective means to transport oil. We’ve also invested in rail facilities and use rail and its vast existing network to access most parts of North America.
Projects such as the proposed reversal of Line 9 and Energy East are potential opportunities for us to access new markets and enhance our Montreal refinery. They will give the refinery access to less expensive Western crude, thereby increasing its competitiveness. We’ll be watching these pipeline projects with interest in 2015. In the meantime, we’ll continue to look for opportunities to broaden our markets.
“Canada and the U.S. remain our key markets, but it's also important that we establish customers in new markets,” says Mark Townley, VP, supply and trading, R&M.
The Montreal refinery will be watching market access developments with interest in 2015.
6 Shoring up the offshore
Exploration & Production (E&P) activities provide cash flow to support company growth. This is particularly important when oil sands production is high and crude prices are low, as expected to continue in 2015.
Our offshore operations continue to be a key part of our business. We’re working on both growth opportunities and extension projects that make use of existing facilities and infrastructure to increase overall production and extend the productive life of existing fields.
The Golden Eagle project in the U.K.
Canada and the U.S. remain our key markets, but it’s also important that we establish customers in
new markets.
– Mark Townley
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