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TotalEnergies EP Canada

Company Summary

Website

https://www.businesswire.com/news/home/20230126006...

Operational Regions

  • North America

Recent news

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  • 4/27/2023 - TotalEnergies Accepts... (subscriber access)

Company Transactions

Date: 8/30/2023
Type: Acquisition

BUYERS:
  • Suncor Energy Inc.
    • SELLERS:
  • TotalEnergies
  • TotalEnergies EP Canada
    • ASSETS:
  • Fort Hills Oil Sands
  • Surmont Oil Sands
    • DETAILS:

    COST: 4.1 $B

    VOLUMES: 135 M Bbls/d

    NOTES:
    After TotalEnergies received a slew of unsolicited offers for its Canadian oil sands assets, they have accepted an offer from Suncor for the entirety of the equity in TotalEnergies EP Canada Ltd. Suncor will buy the equity for $4.1 billion in cash along with future payments that could reach as much as $450 million.
    REGIONS:
  • Canada