XML 65 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Joint Arrangements
12 Months Ended
Dec. 31, 2017
JOINT ARRANGEMENTS  
JOINT ARRANGEMENTS

30. JOINT ARRANGEMENTS

Joint Operations

The company's material joint operations as at December 31 are set out below:

                                                                                                                                                                                    

Material Joint Operations

 

Principal Activity

 

Country of
Incorporation and
Principal Place of
Business

 

Ownership %
2017

 

Ownership %
2016

 


Oil Sands

 

 

 

 

 

 

 

 

 


Operated by Suncor:

 

 

 

 

 

 

 

 

 


 

Fort Hills Energy Limited Partnership

 

Oil sands development

 

Canada

 

53.06

 

50.80

 


Non-operated:

 

 

 

 

 

 

 

 

 


 

Syncrude

 

Oil sands development

 

Canada

 

53.74

 

53.74

 


Exploration and Production

 

 

 

 

 

 

 

 

 


Operated by Suncor:

 

 

 

 

 

 

 

 

 


 

Terra Nova

 

Oil and gas production

 

Canada

 

37.68

 

37.68

 


Non-operated:

 

 

 

 

 

 

 

 

 


 

White Rose and the White Rose Extensions

 

Oil and gas production

 

Canada

 

26.13-27.50

 

26.13-27.50

 


 

Hibernia and the Hibernia South Extension Unit

 

Oil and gas production

 

Canada

 

19.19-20.00

 

19.13-20.00

 


 

Hebron

 

Oil and gas production

 

Canada

 

21.03

 

21.03

 


 

Harouge Oil Operations

 

Oil and gas production

 

Libya

 

49.00

 

49.00

 


 

Buzzard

 

Oil and gas production

 

United Kingdom

 

29.89

 

29.89

 


 

Golden Eagle Area Development

 

Oil and gas production

 

United Kingdom

 

26.69

 

26.69

 


 

North Sea Rosebank Project

 

Oil and gas production

 

United Kingdom

 

30.00

 

30.00

 


 

Oda

 

Oil and gas production

 

Norway

 

30.00

 

30.00

 


Joint Ventures and Associates

The company does not have any joint ventures or associates that are considered individually material. Summarized aggregate financial information of the joint ventures and associates, which are all included in the company's Refining and Marketing operations, are shown below:

                                                                                                                                                                                    

 

 

                   Joint ventures

 

                   Associates

 

 

 

 


 


($ millions)

 

2017

 

2016

 

2017

 

2016

 

 


Net earnings (loss)

 

1

 

1

 

(3

)

(3

)

 


Other comprehensive income

 

 

 

 

 

 


Total comprehensive income (loss)

 

1

 

1

 

(3

)

(3

)

 


Carrying amount as at December 31

 

51

 

45

 

89

 

93