Dec 19, 2010
Total, Suncor ink oil sands agreements, plan to progress projects
Total’s subsidiary Total E&P Canada Ltd. and Suncor Energy Inc. have signed several agreements to form a strategic oil sands alliance encompassing the Suncor-operated Fort Hills mining project, the Total-operated Joslyn mining project and the Suncor-operated Voyageur upgrader project.
All three assets are located in the Athabasca region of the province of Alberta, Canada. Under the alliance, the companies will pool their combined interests in these projects, with the respective operator holding 51% and the other partner 49%.
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Source: Penn Energy
Category:
Offshore and Energy
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