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.
TotalEnergies is exiting the Canadian oil sands with the closing of its 50% interest in the Surmont oil sands sale to ConocoPhillips and the divestment of its remaining upstream Canadian assets to Suncor Energy.
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Suncor Energy (SU) to Acquire TotalEnergies' Canadian Operations for $1.468 Billion streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Suncor Energy to Acquire TotalEnergies' Canadian Operations for $1.468 Billion streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.