Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name | |
Reporting Year | From |
Reporting Entity ESTMA Identification Number | E405435 |
Other Subsidiaries Included | |
(optional field) |
For Consolidated Reports - Subsidiary
Reporting Entities Included in Report:
Not Substituted
Attestation by Reporting Entity
Suncor Energy Inc.
01/01/2022 | To: | 12/31/2022 | Date submitted | 05/30/2023 |
Original Submission
Amended Report
Petro-Canada Terra Nova Partnership: E368056,
Petro-Canada Hibernia Partnership: E014222,
Petro-Canada Hebron Partnership: E294659,
Canadian Oil Sands Partnership: E984046,
Suncor Energy Oil Sands Limited Partnership: E761283,
Suncor Energy Offshore Exploration Partnership: E718793,
Suncor Energy Ventures Partnership: E895970
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity | Kris Smith | Date | |
Chief Financial Officer and Executive Vice President of Corporate | 09/27/2023 | ||
Position Title | Development |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 01/01/2022 | To: | 12/31/2022 | |
Reporting Entity Name | Suncor Energy Inc. | Currency of the | CAD | ||
Report | |||||
Reporting Entity ESTMA | E405435 |
Identification Number | |
Petro-Canada Terra Nova Partnership: E368056, | |
Petro-Canada Hibernia Partnership: E014222, | |
Subsidiary Reporting Entities (if | Petro-Canada Hebron Partnership: E294659, |
Canadian Oil Sands Partnership: E984046, | |
necessary) | |
Suncor Energy Oil Sands Limited Partnership: E761283, | |
Suncor Energy Offshore Exploration Partnership: E718793, | |
Suncor Energy Ventures Partnership: E895970 |
Departments, Agency, etc… | ||
Country | Payee Name | within Payee that Received |
Payments2 | ||
Canada | Government of Canada | |
Canada | Canada Newfoundland and Labrador Offshore Petroleum | |
Board | ||
Canada -Alberta | Athabasca Chipewyan First Nation | |
Canada -Alberta | Fort Chipewyan Metis Local 125 | |
Canada -Alberta | Fort McKay First Nation | |
Canada -Alberta | Fort McKay Metis Community Association | |
Canada -Alberta | Fort McMurray #468 First Nation | |
Canada -Alberta | Fort McMurray Metis Local 1935 | |
Canada -Alberta | Government of Alberta | |
Canada -Alberta | Mikisew Cree First Nation | |
Canada -Alberta | Municipality of Wood Buffalo (Alberta) | |
Canada -Alberta | Chipewyan Prairie First Nation | |
Canada -Alberta | Willow Lake Metis Association | |
Canada -Alberta | Conklin Metis Local #193 | |
Canada -Newfoundland and Labrador | Government of Newfoundland and Labrador | |
Canada -Quebec | Government of Quebec | |
Libya | Government of Libya | National Oil Corporation |
Norway | Government of Norway | |
United Kingdom of Great Britain and | Her Majesty's Government of the United Kingdom of Great | Her Majesty's Revenue and |
Northern Ireland | Britain and Northern Ireland | Customs Cumbernauld |
Additional Notes: | - All payments are reported in Canadian dollars. | |
- All amounts have been rounded to the nearest $10,000 CAD. |
Payments by Payee
Production | Infrastructure | Total Amount paid | |||||||
Taxes | Royalties | Fees | Bonuses | Dividends | Improvement | Notes | |||
Entitlements | to Payee | ||||||||
Payments | |||||||||
3,129,520,000 | 60,400,000 | 570,000 | - | - | - | - | 3,190,490,000 | ||
- | - | 4,080,000 | - | - | - | - | 4,080,000 | ||
- | - | 1,590,000 | - | - | - | - | 1,590,000 | ||
- | - | 100,000 | - | - | - | - | 100,000 | ||
- | - | 1,050,000 | - | - | - | - | 1,050,000 | ||
- | - | 410,000 | - | - | - | - | 410,000 | ||
- | - | 190,000 | - | - | - | - | 190,000 | ||
- | - | 150,000 | - | - | - | - | 150,000 | ||
1,056,250,000 | 2,266,930,000 | 21,160,000 | - | - | - | - | 3,344,340,000 | ||
- | - | 560,000 | - | - | - | - | 560,000 | ||
47,380,000 | - | 60,000 | - | - | - | - | 47,440,000 | ||
- | - | 160,000 | - | - | - | - | 160,000 | ||
- | - | 130,000 | - | - | - | - | 130,000 | ||
- | - | 130,000 | - | - | - | - | 130,000 | ||
- | 265,870,000 | - | - | - | - | - | 265,870,000 | Includes royalties paid in relation to the Hibernia Base, Hibernia Extenstion, Terra Nova, White Rose and Hebron | |
projects. | |||||||||
142,860,000 | - | - | - | - | - | - | 142,860,000 | ||
Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as | |||||||||
218,920,000 | 264,240,000 | - | - | - | - | - | 483,160,000 | Suncor Energy Inc.'s 2022 consolidated financial statements. | |
Translated using the financial year average foreign exchange rates: 1 USD : 1.3016 CAD. | |||||||||
110,000 | - | 120,000 | - | - | - | - | 230,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1357 CAD. | |
315,550,000 | - | - | - | - | - | - | 315,550,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6085 CAD. |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year | From: | 01/01/2022 | To: | 12/31/2022 | |
Reporting Entity Name | Suncor Energy Inc. | Currency of | CAD | ||
the Report |
Reporting Entity ESTMA Identification | E405435 |
Number | |
Petro-Canada Terra Nova Partnership: E368056, | |
Petro-Canada Hibernia Partnership: E014222, | |
Subsidiary Reporting Entities (if | Petro-Canada Hebron Partnership: E294659, |
Canadian Oil Sands Partnership: E984046, | |
necessary) | |
Suncor Energy Oil Sands Limited Partnership: E761283, | |
Suncor Energy Offshore Exploration Partnership: E718793, | |
Suncor Energy Ventures Partnership: E895970 |
Payments by Project
Production | Infrastructure | |||||||
Country | Project Name | Taxes | Royalties | Fees | Bonuses | Dividends | Improvement | |
Entitlements | ||||||||
Payments | ||||||||
Canada -Alberta | Base Mine | 16,970,000 | 638,850,000 | 7,060,000 | - | - | - | - |
Canada -Alberta | Firebag | 27,200,000 | 1,384,840,000 | 5,280,000 | - | - | - | - |
Canada -Alberta | MacKay River | 3,140,000 | 243,250,000 | 1,300,000 | - | - | - | - |
Canada -Newfoundland and Labrador | Hebron | - | 26,920,000 | - | - | - | - | - |
Canada -Newfoundland and Labrador | Hibernia | - | 295,800,000 | - | - | - | - | - |
Canada -Newfoundland and Labrador | Terra Nova | - | 100,000 | 4,080,000 | - | - | - | - |
Canada -Newfoundland and Labrador | White Rose | - | 3,450,000 | - | - | - | - | - |
Norway | Norway | 110,000 | - | 120,000 | - | - | - | - |
Libya | Libya | 218,920,000 | 264,240,000 | - | - | - | - | - |
United Kingdom of Great Britain and Northern | U.K. Oil & Gas Taxes | 315,550,000 | - | - | - | - | - | - |
Ireland | ||||||||
Canada | Other | 70,000 | - | 12,620,000 | - | - | - | - |
Additional Notes: | - All payments are reported in Canadian dollars. | |||||||
- All amounts have been rounded to the nearest $10,000 CAD. |
Total Amount paid | Notes |
by Project | |
662,880,000 | |
1,417,320,000 | |
247,690,000 | |
26,920,000 | |
295,800,000 | Hibernia Base and Extension projects have been combined for the purposes of this report. |
4,180,000 | |
3,450,000 | |
230,000 Translated using the financial year average foreign exchange rate: 1 NOK : 0.1357 CAD. | |
Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as | |
483,160,000 | Suncor Energy Inc.'s 2022 consolidated financial statements. |
Translated using the financial year average foreign exchange rates: 1 USD : 1.3016 CAD. | |
315,550,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6085 CAD. |
12,690,000 | Includes Emerging properties in the Oil Sands business unit (Meadow Creek, Lewis, Voyageur, Chard, Dover, and |
Polaris) and North America Onshore in the Exploration and Production business unit. |
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Suncor Energy Inc. published this content on 29 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2023 18:18:05 UTC.