KEYFACT Energy
Suncor Energy has closed the transaction to purchase TotalEnergies EP Canada Ltd., which includes the remaining 31.23% working interest in the Fort Hills Project.
The $1.468 billion purchase price is subject to closing adjustments typical of transactions of this nature and is based on an effective date April 1, 2023.
As a result of this transaction, Suncor wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, 90 kilometres north of Fort McMurray.
KeyFacts Energy: Suncor Energy Canada country profile l KeyFacts Energy: Acquisitions & Mergers news