Suncor Energy has closed its purchase of TotalEnergies Canada
Published by Oliver Kleinschmidt,
Deputy Editor
Tanks and Terminals,
Suncor Energy have announced it has closed the transaction to purchase TotalEnergies EP Canada Ltd, which includes the remaining 31.23% working interest in the Fort Hills Project.
The CAN$1.468 billion purchase price is subject to closing adjustments typical of transactions of this nature and is based on an effective date 1 April 2023.
As a result of the transaction, Suncor wholly own the Fort Hills Project, which is located in Alberta’s Athabasca region, 90 km north of Fort McMurray.
Read the article online at: https://www.tanksterminals.com/terminals/23112023/suncor-energy-has-closed-its-purchase-of-totalenergies-canada/
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