Syncrude Canada Ltd. 2004 Sustainability Report - Joint Venture Operating Costs

Dollar amounts in Cdn dollars	2004	2003	2002	2001
Overburden Removal Costs ¹
Millions of dollars	184	215	212	183
Per barrel of SSB	2.10	2.78	2.53	2.25
Production Costs ²
Millions of dollars	916	865	834	869
Per barrel of SSB	10.51	11.18	9.96	10.66
Turnaround and Catalyst Costs ³
Millions of dollars	62	144	100	75
Per barrel of SSB	0.71	1.86	1.19	0.92
Purchased Energy ⁴
Millions of dollars	370	343	199	288
Per barrel of SSB	4.24	4.44	2.37	3.54
Corporate Admin/Research ⁵
Millions of dollars	91	62	84	65
Per barrel of SSB	1.05	0.81	1.00	0.80
Total Operating Costs
Millions of dollars	1,623	1,629	1,429	1,480
Per barrel of SSB	18.61	21.07	17.05	18.17
1 Overburden removal costs are the cash costs incurred in the year to remove the layer of muskeg and earth that cover the oil sands deposits, and certain costs related to dyke construction. 2 Production costs are ongoing costs to mine oil sand, and extract and upgrade bitumen into Syncrude Sweet Blend (SSB). Production costs exclude the more variable costs of overburden removal, turnarounds and catalyst replacement and purchased energy, and the category of Corporate Administration/Research costs. 3 Turnaround and catalyst costs are expenditures incurred in the year for major maintenance turnarounds and long life catalyst replacement. 4 Purchased energy is the cost of imported natural gas and the net cost of electrical power (power imports less exports). 5 Corporate Administration and Research includes the cost of corporate administration functions and research activities, and variable compensation.