Suncor Energy boosts oil sands production with $1.5 billion TotalEnergies Canada acquisition
The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.
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The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.
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Suncor now owns all of the Fort Hills mining project following its purchase of TotalEnergies' interest in the project.
Suncor Energy announced today that it has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project for $1.468 billion. The...
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