Financial and Operating Summary

Dollar amounts in Cdn dollars	2005	2004	2003	2002	2001
Total SSB Production ¹
Millions of barrels per year	78.1	87.2	77.3	83.8	81.4
Thousands of barrels per day	214	239	212	230	223
Annual Average WTI at Cushing
(per barrel US$)	56.70	41.47	30.99	26.15	25.90
Total Operating Costs ²
Millions of dollars	2,077	1,623	1,629	1,429	1,480
Per barrel of SSB	26.59	18.61	21.07	17.05	18.17
Capital Program ³
Millions of dollars	2,533	2,749	2,553	1,946	910
1 SSB Production is Syncrude Sweet Blend shipped. 2 Operating costs are ongoing costs related to the mining of oil sand, the extraction and upgrading of bitumen into Syncrude Sweet Blend (SSB) and maintenance of facilities; they also include purchased energy costs, administration costs, and research. There is no generally accepted accounting definition as to what constitutes "Operating Costs". The accounting treatment of certain costs may vary significantly between different producers. Some producers may elect to capitalize or defer and amortize certain expenditures that are recorded as an expense by other producers. 3 Capital program costs include development expense related to sustaining capital and major capital projects. Note: The figures above may differ from those reported by any one of the joint venture participants due to differences in reporting, conventions and methodology.