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Joint Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2022
Joint Arrangements |
Schedule of joint operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Country of |  | ​ |  | ​ |
​ | ​ | ​ | ​ | Incorporation and | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | Principal Place of | ​ | Ownership % | ​ | Ownership % |
Material Joint Operations | ​ | Principal Activity | ​ | Business | ​ | 2022 | ​ | 2021 |
Oil Sands |  |  |  |  |  |  |  |  | ​
Operated by Suncor: |  |  |  |  |  |  |  |  | ​
Fort Hills Energy Limited Partnership(1) |  | Oil sands development |  | Canada |  | 54.11 |  | 54.11 | ​
Meadow Creek | ​ | Oil sands development | ​ | Canada | ​ | 75.00 | ​ | 75.00 | ​
Syncrude | ​ | Oil sands development | ​ | Canada | ​ | 58.74 | ​ | 58.74 | ​
Exploration and Production |  |  |  |  |  | ​ |  | ​ | ​
Operated by Suncor: |  |  |  |  |  | ​ |  | ​ | ​
Terra Nova |  | Oil and gas production |  | Canada |  | 48.00 |  | 48.00 | ​
Non-operated: |  |  |  |  |  | ​ |  | ​ | ​
Buzzard(2) | ​ | Oil and gas production | ​ | United Kingdom | ​ | 29.89 | ​ | 29.89 | ​
Fenja Development JV(3) | ​ | Oil and gas production | ​ | Norway | ​ | — | ​ | 17.50 | ​
Hibernia and the Hibernia South Extension Unit | ​ | Oil and gas production | ​ | Canada | ​ | 19.48-20.00 | ​ | 19.48-20.00 | ​
Hebron | ​ | Oil and gas production | ​ | Canada | ​ | 21.03 | ​ | 21.03 | ​
Harouge Oil Operations | ​ | Oil and gas production | ​ | Libya | ​ | 49.00 | ​ | 49.00 | ​
North Sea Rosebank Project(2) | ​ | Oil and gas production | ​ | United Kingdom | ​ | 40.00 | ​ | 40.00 | ​
Oda(3) | ​ | Oil and gas production | ​ | Norway | ​ | — | ​ | 30.00 | ​
White Rose and the White Rose Extensions(4) |  | Oil and gas production |  | Canada |  | 38.625-40.00 |  | 26.13-27.50 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | Subsequent to December 31, 2022, Suncor acquired an additional 14.65% working interest in Fort Hills, bringing the company’s and its affiliate’s total aggregate working interest to 68.76%.
(2) | In the third quarter of 2022, Suncor reclassified the assets and liabilities related to its United Kingdom (U.K.) operations as assets held for sale, including its interests in Buzzard and Rosebank. Subsequent to the fourth quarter of 2022, the company reached an agreement for the sale of its U.K operations. The sale is expected to close in mid-2023.
(3) | In the third quarter of 2022, Suncor completed the sale of its Norway assets, including its 30% working interest in Oda and its 17.5% working interest in the Fenja Development Joint Operations.
(4) | In the second quarter of 2022, Suncor announced that concurrent with the decision to restart the West White Rose project by the joint venture owners, Suncor increased its ownership in the White Rose asset 12.50% to approximately 40.00%.
Schedule of joint ventures and associates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Joint ventures | ​ | Associates |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
Net earnings (loss) |  | (25) |  | 5 |  | (1) |  | (2) | ​
Total comprehensive earnings (loss) |  | (25) |  | 5 |  | (1) |  | (2) | ​
Carrying amount as at December 31 |  | 39 |  | 63 |  | 63 | ​ | 66 | ​

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