Deal Insight

Total and Suncor form strategic oil sands alliance

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Report summary

Total and Suncor Energy have announced an asset swap that will align the companies' interests in Canada's Athabasca oil sands. Total will acquire a share in the Fort Hills mining project and the Voyageur upgrader, and Suncor will acquire a stake in the Joslyn project. Total will also pay Suncor US$1,699 million (Cdn$1,751 million), largely related to historical costs incurred on Voyageur. The resulting working interest balance in each of the assets will be weighted 51:49 in ...

What's included

This report contains

  • Document

    Total and Suncor form strategic oil sands alliance

    PDF 776.99 KB

Table of contents

  • Executive summary
  • Transaction details
    • Fort Hills
    • Joslyn
    • Voyageur Upgrader
    • Transferred Reserves
  • Upsides and risks
    • Total
    • Suncor Energy
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 6 images and tables including:

Tables

  • Transaction details: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

Images

  • Gross Production and Capex - Fort Hills and Joslyn
  • Location Map - Fort Hills, Joslyn and Voyageur

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