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Joint Arrangements | 12 Months Ended
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Dec. 31, 2023
Joint Arrangements |
Joint Arrangements | 29. Joint Arrangements Joint Operations The company’s material joint operations as at December 31 are set out below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Country of |  | ​ |  | ​ |
​ | ​ | ​ | ​ | Incorporation and | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | Principal Place of | ​ | Ownership % | ​ | Ownership % |
Material Joint Operations | ​ | Principal Activity | ​ | Business | ​ | 2023 | ​ | 2022 |
Oil Sands |  |  |  |  |  |  |  |  | ​
Operated by Suncor: |  |  |  |  |  |  |  |  | ​
Fort Hills Energy Limited Partnership(1) |  | Oil sands development |  | Canada |  | 100.00 |  | 54.11 | ​
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 | ​
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 | ​
White Rose and the White Rose Extensions |  | Oil and gas production |  | Canada |  | 38.625-40.00 |  | 38.625-40.00 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(1) | In the first quarter of 2023, 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%. In the fourth quarter of 2023, Suncor acquired the remaining 31.23% working interest in Fort Hills, making Suncor the sole owner of Fort Hills.
(2) | In the second quarter of 2023, Suncor completed the sale of its U.K. operations, including its interests in Buzzard and Rosebank.
​ Joint Ventures and Associates The company does not have any joint ventures or associates that are considered individually material. Summarized aggregate financial information of the joint ventures and associates, which are all included in the company’s Refining and Marketing operations, are shown below:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Joint ventures | ​ | Associates |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ millions) |  | 2023 |  | 2022(1) |  | 2023 |  | 2022(1) |
Net earnings (loss) |  | 27 |  | 1 |  | (1) |  | (1) | ​
Total comprehensive earnings (loss) |  | 27 |  | 1 |  | (1) |  | (1) | ​
Carrying amount as at December 31 |  | 149 |  | 105 |  | 60 | ​ | 63 | ​
(1) | Prior period amounts have been restated to align with current period presentation of the financial information of the joint ventures and associates.

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