Syria

Suncor’s operations in Syria were suspended indefinitely in 2011, due to political unrest in the country.

The following information was up to date prior to the political unrest and resulting sanctions that brought about Suncor’s withdrawal from Syria. Some of the information below remains accurate in terms of the assets that Suncor holds in Syria, but it should be understood that the company has suspended operations with the General Petroleum Corporation (GPC), including operations that support the Ebla joint venture and its production that are all mentioned below. Please visit the archives on Suncor Response for more details about how the company has responded to the situation in Syria.

Suncor’s primary asset in Syria is the Ebla development. Ebla is located in the Central Syrian Gas Basin and includes the Ash Shaer and Cherrife development areas, which cover more than 300,000 acres (approximately 1,251 square kilometres).

Background

• The Ebla development produces about 80 million cubic feet of natural gas per day.
• The initial investment for Ebla was about $1.2 billion dollars. This investment was complete when Ebla came on-stream in early 2010.
• In October 2010, operatorship of the development was transitioned from Suncor to a joint venture between Suncor and Syria’s General Petroleum Corporation. This joint venture is known as the Ebla Petroleum Company (EBCO). Each company owns a 50% stake.
• Suncor’s cash flow from operations in Syria was less than 3% of Suncor’s overall cash flow from operations for the first three quarters of 2011.
• Suncor has also worked on an oil project associated with Ebla, which began producing approximately 1,000 barrels per day in December 2010.