E&P complements Suncors base business, providing Expected high-return, low-cost projects Diversification outside of oil sands Access to international markets with exposure to Brent pricing 5
Portfolio targeted in five geographic regions of the world. Production guidance estimate for 2014 is 133-144 kboe/d East Coast Canada: targeting 49-53 kboe/d from three assets in 2014, including the Suncor-operated Terra Nova FPSO UK…
Focus has been to re-shape the E&P portfolio, retaining long-life foundational assets with reserve replacement potential Strategic dispositions have increased our liquids weighting from 60% to 97% Re-positioning has lowered our unit…
Lower E&P operating costs benefit the portfolio by delivering cash in lower price environments E&P cash flow1 ranges from 2 billion to 2.5 billion for Brent prices between 80 and 110 per barrel Notes: 1 Cash Flow from Operations…
Hibernia, Terra Nova and White Rose have collectively produced approximately 335 million (Suncor WI) barrels since first oil Buzzard is the crown jewel of the North Sea, producing approximately 110 million (Suncor WI) barrels since…
Terra Nova FPSO Strong history of delivering cash Reliability work is ongoing for Terra Nova High Pressure Swivel replacement (2012) H2S flowline/riser remediation (2012/2013 , some work continues into 2014) Mooring chain repair…
Current Exploration Production Sharing Agreements (EPSAs) provide 40-50 kb/d working interest production Libya operations have historically represented 25% of E&P production but less than 10% of E&Ps cash flow from operations…
Balanced risk exposure means exploration dollars are spread across a range of opportunities. Near field concentric plays that are modest in size but have higher probability of success New prospects in familiar basins, that have…
Norway positioned for future growth Current portfolio of 15 licenses with a host of exploration prospects in all basins Participated in seven wells so far (three operated) Four of seven were successful with three potential commercial…
Divestments Divested production 85% gas Conventional gas assets not a long term foundation for Suncor portfolio Unconventional opportunities WI of 100% in Kobes / Altares properties Currently assessing development options…
Growth opportunities Multiple high return field development and extensions currently underway Targeting additional resources White Rose Expansion Project (wellhead platform concept) Targeting sanction for White Rose Expansion…
Golden Eagle development is an estimated 3.3 Billion investment (0.9 Billion net to Suncor) in the UK North Sea Suncor Working Interest: 26.69% Project Operator: Nexen Two fixed platforms production, utilities, quarters and…
Hebron is an oil field development estimated to cost 14 Billion (3.2 Billion net Suncor) located offshore Newfoundland and Labrador. WI of 22.7289% Project Operator: ExxonMobil Canada Properties Fixed Gravity Based Structure…
Graph is not intended as a production forecast but to show the shape of our portfolio moving forward Timing of future developments will ultimately depend on progress through to sanction Quality developments over the rest of the…
Note: 1 Discretionary items are subject to project sanction, Board of Directors approval and/or approval by joint owners. 19
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