The Exploration & Production business at Suncor has significant onshore acreage holdings in Libya, held via Exploration and Production Sharing Agreements (EPSAs). These EPSAs will continue to provide access to production until December 31, 2032, with the option to extend access until the end of 2037.
Exploration in Libya was initially put on hold in 2011 due to civil unrest in the region. Suncor declared force majeure for all exploration commitments in Libya effective December 14, 2014, and this declaration remains in effect.
Harouge Oil Operations is a joint venture that Suncor has a 49% working interest in. Production in Libya continues to be impacted by political unrest, with the timing of a return to normal operations remaining uncertain.