Costs Incurred in Oil and Gas Activities

Years ended December 31
(millions of Canadian dollars)
North America North Sea Southeast Asia Sudan Algeria Trinidad Other Total
2004  Property acquisition costs Proved 77 233 - - - - - 310
    Unproved 165 71 - - - - 39 275
  Exploration costs   459 150 54 - - 34 86 783
  Development costs   785 357 201 - 8 158 - 1,509
  Asset retirement costs   36 51 3 - - 7 - 97
  Total costs incurred   1,522 862 258 - 8 199 125  2,974
2003  Property acquisition costs Proved 369 189 - - - - - 558
    Unproved 184 2 - - - - 3 189
  Exploration costs   336 99 70 7 4 58 90 664
  Development costs   600 397 246 (5) 30 72 - 1,340
  Asset retirement costs   125 285 5 - - - - 415
  Total costs incurred   1,614 972 321 2 34 130 93 3,166
2002  Property acquisition costs Proved 174 88 - - - - - 262
    Unproved 50 13 - - - 9 - 72
  Exploration costs   271 134 36 27 3 54 43 568
  Development costs   457 297 233 71 103 14 - 1,175
  Total costs incurred   952 532 269 98 106 77 43 2,077