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 explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally; it transports and refines crude oil, and it 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’s segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Oil Sands This segment, with assets located in the Athabasca oil sands 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 includes 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 region. Oil Sands Operations Oil Sands operations consist of Oil Sands and In Situ. 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, cogeneration units, energy and reclamation facilities, such as the company’s Tailings Reduction Operations (TRO) assets. Millennium and North Steepbank During 2015, the company mined approximately 168 million tonnes of bitumen ore and processed an average of 307 thousands of barrels per day (mbbls/d) of mined bitumen in its extraction facilities. Upgrading Facilities The company’s upgrading facilities consist of two upgraders – Upgrader 1, which has an upgrading capacity of approximately 110 mbbls/d of SCO, and Upgrader 2, which has an upgrading capacity of approximately 240 mbbls/d of SCO net of internal consumption. The company’s secondary upgrading facilities consist of three hydrogen plants, three naphtha hydrotreaters, two gas oil hydrotreaters, one diesel hydrotreater and one kero hydrotreater. During 2015, Suncor averaged 320 mbbls/d of upgraded (SCO and diesel) production net of the company's internal consumption, sourced from bitumen provided by both Oil Sands Base and In Situ operations. Power and Steam Generation In 2015, the company completed an exchange of assets with TransAlta Corporation (TransAlta). The company exchanged its 100% owned Kent Breeze and its 51% share of the Wintering Hills wind power facilities for TransAlta's Poplar Creek cogeneration facilities, which provide steam and power for Suncor's Oil Sands Base operations. The company has a 15-year lease with TransAlta. The leased assets consist of two gas turbine generators and heat recovery steam generators. Other Mining Leases The company owns various other oil sands leases, including Voyageur South and Audet. The company holds a 100% working interest in both Voyageur South and Audet. In Situ Operations The company’s In Situ operations, Firebag and MacKay River, use steam-assisted gravity drainage (SAGD) technology to produce bitumen from oil sands deposits. In Situ operations include supporting infrastructure, such as central processing facilities, cogeneration units and hot bitumen infrastructure, including insulated pipelines, diluent import capabilities and a cooling and blending facility, and 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 a total nameplate capacity of 203 mbbls/d. As of December 31, 2015, Firebag had 12 well pads in operation, with 151 SAGD well pairs and 37 infill wells either producing or on initial steam injection. Central processing facilities have been d
suncor energy inc
(SM3:German Stock Exchange)
150 - 6 Avenue SW
PO Box 2844
Calgary, AB T2P 3E3
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