Deal Insight

Suncor acquires additional 5% stake in Syncrude from JX Nippon for US$730 million

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Suncor Energy has further increased its stake in the Syncrude Project. On 12 February 2018, the company announced that it had acquired 5% of the project from JX Nippon O&G Exploration (via its subsidiary Mocal Energy) for US$730 million (Cdn$920 million). The transaction increases Suncor's share in the project to 58.74% and marks the exit of JX Nippon from the project.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Strategic rationale: Table 1
  • Oil & gas pricing and assumptions: Table 1

What's included

This report contains:

  • Document

    Suncor acquires additional 5% stake in Syncrude from JX Nippon for US$730 million

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