Last $41.94 USD
Change Today +0.36 / 0.87%
Volume 1.7M
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Company Description

Contact Info

150 – 6th Avenue SW

Box 2844

Calgary, AB T2P 3E3

Canada

Phone: 403-296-8000

Fax:

Suncor Energy Inc. operates as an integrated energy company. The company focuses on developing a petroleum resource basin – Canada's Athabasca oil sands. The company also explores for, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. The company markets third-party petroleum products. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, and byproducts. Segments The company has classified its operations into the following segments: OIL SANDS This segment, with assets located in the Wood Buffalo region of northeast Alberta, recovers bitumen from mining and in situ operations and either upgrades this production into synthetic crude oil (SCO) for refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. This segment comprises: Oil Sands Operations Oil Sands Operations refer to the company’s wholly-owned and operated mining, extraction, upgrading, in situ and related logistics and storage assets in the Athabasca oil sands. Oil Sands Operations consist of: Oil Sands Base Operations Oil Sands Base operations include the Millennium and North Steepbank mining and extraction operations, integrated upgrading facilities known as Upgrader 1 and Upgrader 2, and the associated infrastructure for these assets, including utilities, energy, and reclamation facilities, such as the company’s tailings management assets. The company’s integrated Oil Sands Base operations, located in the Wood Buffalo region of northeast Alberta, involve various activities, such as mining and extraction, upgrading, utilities, maintenance, and reclamation. Oil Sands Base Assets Mining and Extraction: During 2013, the company mined approximately 151 million tonnes of bitumen ore. It processed an average of 270 thousands of barrels per day (mbbls/d) of mined bitumen in its extraction facilities. Upgrading: During 2013, the company averaged 283 mbbls/d of upgraded (SCO and diesel) production, sourced from bitumen provided by both mining and extraction and in situ operations. Other Mining Leases: The company owns various other oil sands leases, including those known as Voyageur South and Audet. It holds a 100% working interest in both Voyageur South and Audet. In Situ Operations In Situ operations include oil sands bitumen production from Firebag and MacKay River and supporting infrastructure, such as central processing facilities, cogeneration units, and hot bitumen infrastructure, including an insulated pipeline, diluent import capabilities, and a cooling and blending facility, as well as related storage assets. In Situ production is either upgraded by Oil Sands Base or blended with diluent and marketed directly to customers. In Situ Assets Firebag: The company’s Firebag complex consists of four central processing facilities with total bitumen processing capacity of approximately 180 mbbls/d. As of December 31, 2013, Firebag had 9 well pads in operation with 119 steam-assisted gravity drainage well pairs and 18 infill wells either producing or on initial steam injection. In addition, Firebag includes five cogeneration units that generate steam, which are capable of producing 425 megawatts (MW) of electricity made up of Firebag site power load of 110 MW and exports of 315 MW. MacKay River: As of December 31, 2013, MacKay River included 6 well pads with 74 well pairs either producing or on initial steam injection. Other In Situ Leases The company owns various other oil sands leases, including those known as Meadow Creek, Lewis, Chard, and Kirby. These leases could be developed using in situ techniques on which it might undertake exploratory drilling. In 2013, the company drilled 50 core holes at Lewis and 66 gross core holes at Meadow Creek. Oil Sands Joint Arrangements Syncrude: The company holds a 12% interest in the Syncrude joint arrangement, located near Fort McMurray, which includes mining operations at Mildred Lake North and Aurora North

 

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