The Exploration & Production (E&P) business is responsible for upstream oil and gas activities that will build a strong, sustainable portfolio of assets to support company growth.
The E&P business focuses on high-margin projects that deliver significant returns, cash flow and long-term value. One of E&P's key roles within Suncor is to provide portfolio diversity with low-cost conventional production, which helps balance against higher cost oil sands production, particularly when crude prices are low.
E&P’s regions of oil and gas production
The E&P business offers a world of opportunity for Suncor’s future. E&P has an impressive reserve replacement ratio, solid plans to increase production over the next decade, and a strong reputation as a capable operator and multi-national partner.
The E&P business was created in January 2011 by combining Suncor's former "Natural Gas" and "International & Offshore" businesses. Read the press release about the creation of the Exploration & Production business.