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Total E&P Canada

Company Summary

Description

Total E&P Canada, a subsidiary of Total S.A., has a portfolio of four long-term assets in Alberta’s Athabasca Oil Sands region: Surmont (50%, operated by ConocoPhillips); Fort Hills (29.2%, operated by Suncor Energy Inc); Joslyn (38.25%, operated by Total); and Northern Lights Partnership (50%, operated by Total). Through Steam Assisted Gravity Drainage (SAGD) and mining techniques, Total works with its partners to develop Canada’s oil sands resources responsibly. Total E&P Canada’s offices are located in Calgary, Alberta.

Website

http://ca.total.com/en-us/total-canada/total-canad...

Operational Regions

  • Canada

Related Entities

Recent news

  • 8/31/2018 - Canadian Natural... (subscriber access)
  • 1/29/2018 - Suncor's Fort Hills... (subscriber access)
  • 1/4/2018 - Suncor & Teck Resources... (subscriber access)

Company Transactions

Date: 8/31/2018
Type: Acquisition

SELLERS:
  • Total E&P Canada
  • PROJECTS:
  • Joslyn Oil Sands
  • DETAILS:

    COST: 250 $MM

    VOLUMES: 160 M Bbls/d

    REGIONS:
  • Athabasca Oil Sands
  • Date: 1/4/2018
    Type: Acquisition

    NOTES:
    Suncor and Teck Resources Limited have acquired additional working interest in the Fort Hills Project from Total E&P Canada. Upon closing, Suncor's share of the project rose to 53.06% while Teck's share is now at 20.89% and Total's dropped to 26.05%.
    REGIONS:
  • Canada