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v3.24.1

Exploration and Evaluation Assets | 12 Months Ended
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Dec. 31, 2023
Exploration and Evaluation Assets |
Exploration and Evaluation Assets | 18. Exploration and Evaluation Assets ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31 |  | December 31 | ​
($ millions) |  | 2023 |  | 2022 |
Beginning of year |  | 1 995 |  | 2 226 | ​
Acquisitions and additions |  | 3 |  | 41 | ​
Transfers to oil and gas assets |  | - |  | (34) | ​
Disposals and derecognition |  | (240) |  | - | ​
Reclassified to assets held for sale (note 33) |  | - |  | (239) | ​
Foreign exchange adjustments |  | - |  | 1 | ​
End of year |  | 1 758 |  | 1 995 | ​
​ In 2023, the company derecognized $240 million on its Meadow Creek development properties in the Oil Sands segment as these properties no longer align with the company’s future development plans.

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