About Suncor - Suncor's 2013 Report on Sustainability

About Suncor - Suncor's 2013 Report on Sustainability

About Suncor - Suncor's 2013 Report on Sustainability

About Suncor - Suncor's 2013 Report on Sustainability

View the latest Report on Sustainability

About Suncor

Suncor Energy's goal is to be Canada's premier integrated energy company, with the assets, people and financial strength to compete globally. As we responsibly develop the oil sands, we are also investing in renewable energy — wind power and biofuels.

Our vision is to be trusted stewards of valuable natural resources. Guided by our values, we will lead the way to deliver economic prosperity, improved social well-being and a healthy environment for today and tomorrow.

Suncor's operations include:

While working to develop petroleum resources responsibly, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

In the performance data section of this report, consolidated Suncor-wide performance indicators are provided as well as indicators for each operating business unit as per the 2012 organizational structure.

We have classified our operations into the following segments:

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Oil Sands & In Situ

Located in northeast Alberta, Suncor's Oil Sands segment recovers bitumen from mining and in situ operations and upgrades the majority of this production into refinery feedstock, diesel fuel and by-products. The company's marketing plan includes sales of bitumen when market conditions are favourable or when operating conditions warrant. Oil Sands has interests in the Syncrude oil sands mining and upgrading joint venture and in significant growth projects, including the Fort Hills and Joslyn mining projects.

In March 2013, Suncor announced that it would not proceed with Voyageur Upgrader project. The decision was the result of a strategic and economic review launch by Suncor and its joint venture partner Total E&P Canada Ltd. in late 2012.

Read about our Oil Sands and In Situ segment on Suncor.com

Exploration & Production

Suncor’s Exploration & Production (E&P) segment comprises production and exploration operations offshore Eastern Canada and in the North Sea, and onshore in North America and Libya.

North America Onshore

In April 2013, Suncor announced an agreement to sell the conventional portion of its natural gas business in Western Canada. Excluded from the sale are the majority of Suncor’s unconventional natural gas properties in British Columbia and the company’s Wilson Creek, Alberta unconventional oil assets.

International & Offshore

In East Coast Canada, Suncor operates Terra Nova, holding a working interest of 37.675%. Suncor also holds a 20% interest in Hibernia and a 19.5% interest in the Hibernia Southern Extension, a 27.5% interest in White Rose and a 26.125% interest in the White Rose Extensions, and a 22.7% interest in Hebron, all of which are operated by other companies.

In the North Sea, Suncor holds a 29.89% working interest in Buzzard, a 26.69% interest in the Golden Eagle Area Development — both of which are operated by another company — and interests in several licences offshore Norway and the United Kingdom (U.K.).

Suncor had operated in Syria, pursuant to a production sharing contract (PSC), in the Ebla gas project to develop the Ash Shaer and Cherrife areas. Suncor also has interests in Libya, pursuant to Exploration and Production Sharing Agreements (EPSA, a form of PSC), on the joint development of oil fields in the Sirte Basin.

Due to continuous unrest in the country, the company declared force majeure under its contractual obligations in Syria. Operations in this country have been suspended indefinitely.

Production in Libya was re-started in late 2011 with exploration resuming in early 2013. Business in the country has not yet reached historic levels.

Read about our Exploration & Production segment on Suncor.com

Refining & Marketing (includes Renewable Energy)

Suncor's Refining & Marketing segment refines crude oil into a broad range of petroleum and petrochemical products at refineries located in:

  • Edmonton, Alta., Canada
  • Montreal, Que., Canada
  • Sarnia, Ont., Canada
  • Commerce City, Colo., U.S.

Refined products are sold to retail, commercial and industrial customers through a combination of company-owned, branded-dealer and other retail stations in Canada and Colorado, a nationwide Canadian commercial road transport network, and a bulk sales channel.

Refining & Marketing also owns a lubricants business located in Mississauga, Ont., that manufactures, blends and markets high quality products worldwide.

Other assets include interests in a petrochemical plant, pipelines and product terminals in Canada and the U.S.

Learn more about Refining & Marketing on Suncor.com

Wind Energy

Suncor is a Canadian pioneer in wind energy with six power developments in operation and other projects in the planning stages. These six wind energy facilities have a generating capacity of 255 megawatts, enough to power about 100,000 Canadian homes. Investment in wind power is a key component of Suncor's climate change action plan.

Read more about Suncor's wind energy projects on Suncor.com

Biofuels

The company has been making a significant impact in Canada's emerging biofuels industry. Suncor is also investing in biofuels, particularly ethanol produced from corn. Ethanol is a cleaner burning, renewable resource. The ethanol production industry is expanding in Canada and the United States.

Visit Suncor.com to learn more about Biofuels and Suncor's St. Clair ethanol plant

Energy Supply & Trading

This group includes the company's energy supply and trading activities, and other activities not directly attributable to any other operating segment. Energy trading activities primarily involve the marketing and trading of crude oil, natural gas, refined petroleum products and by-products, and the use of financial derivatives to optimize related trading strategies.

Read more about Supply & Trading on Suncor.com

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