ast of Canada and in the North Sea; and onshore operations in North America, Libya, and Syria. E&P Canada – Assets and Operations E&P Canada operations include the company’s 37.675% working interest in Terra Nova, which it operates. The company also holds a 20.0% interest in the Hibernia base project and a 19.5% interest in the Hibernia Southern Extension Unit (HSEU), a 27.5% interest in the White Rose base project and a 26.125% interest in the White Rose Extensions, and a 22.729% interest in Hebron, all of which are operated by other companies. The company also holds interests in various exploration licenses offshore Newfoundland and Labrador and Nova Scotia. The company also includes its working interests in unconventional natural gas properties in northeast British Columbia Terra Nova: As of December 31, 2014, there were 30 wells, including 17 oil production wells, 10 water injection wells and 3 gas injection wells. Hibernia and the HSEU: The Hibernia oilfield, encompassing the Hibernia and Ben Nevis Avalon reservoirs, is approximately 315 km southeast of St. John's. As at December 31, 2014, there were 63 wells, including 37 oil production wells, 14 single-zone water injection wells, seven dual-zone water injection wells and five gas injection wells. White Rose and the White Rose Extensions: As of December 31, 2014, there were 34 wells, including 15 oil production wells, 15 water injection wells, 1 gas injection well and 3 gas storage wells. Hebron: The Hebron oilfield is located 340 kilo meters southeast of St. John's. Other Assets: During 2014, the company entered into an agreement with Shell Canada Limited and ConocoPhillips Canada East Coast Partnership to pursue a deepwater exploration opportunity in the Shelburne Basin. Through the agreement, the company acquired a 20% non-operating interest. North America Onshore: The North America Onshore business explores for, develops and produces natural gas, natural gas liquids, crude oil and byproducts in Western Canada. In 2014, the company sold its interests in its Wilson Creek assets in central Alberta. E&P International E&P International operations include the company’s 29.89% working interest in Buzzard and its 26.69% interest in Golden Eagle. Both projects are located in the U.K. sector of the North Sea and are operated by another company. The company also holds interests in various exploration licences offshore the U.K. and Norway. It owns, pursuant to EPSAs, working interests in the exploration and development of oilfields in the Sirte Basin in Libya. E&P International – Assets and Operations North Sea The Buzzard oilfield is located in the Outer Moray Firth. Operated by Nexen Petroleum U.K. Limited (Nexen U.K.), a subsidiary of China National Offshore Oil Corporation Limited, the Buzzard facilities have gross installed production capacity of approximately 220 mbbls/d of oil and 80 mmcf/d of natural gas. Buzzard consists of four bridge-linked platforms supporting wellhead facilities, production facilities, living quarters and utilities, and sulphur handling. As at December 31, 2014, there were 48 wells: 35 oil and gas production wells and 13 water injection wells. In 2014, Buzzard completed two oil development wells. Golden Eagle The Golden Eagle development operated by Nexen U.K. is approximately 20 kilo meters north of the Buzzard oilfield and consists of the unitization of the Peregrine, Hobby, Golden Eagle and Solitaire areas. Other Assets Beta discovery (Norway): The company is the operator for the PL375, PL375b and PL375c licences, in which it has an 80% interest. Butch discovery (Norway): In 2011, Centrica plc, the operator for the PL405 licence in which the company has a 30% interest, drilled an exploration well resulting in a discovery, followed by a sidetrack well to assess the lateral extent of the hydrocarbons. Lily prospect (U.K.): In 2013, the operator for the P928 20/1S licence, in which the company has a 29.89% interest, drilled an exploration well, which was completed in the first quarter of 2014. Blackjack prospect (U.K.): During the first half of 2014, the operator of the P300 14/26
suncor energy inc
(SU:New York Consolidated)
150 - 6 Avenue S.W.
PO Box 2844
Calgary, AB T2P 3E3
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