Where is Fort Hills oil sands project?
northern Alberta
The Fort Hills oil sands mine is located in northern Alberta. We hold a 21.3% interest in the Fort Hills Energy Limited Partnership (Fort Hills Partnership), which owns the Fort Hills oil sands mine, with Total E&P Canada Ltd. (Total) and Suncor Energy Inc.
Who owns Suncor Fort Hills?
Suncor Energy Inc. Total E&P Canada Ltd
Fort Hills is located in Alberta’s Athabasca region, 90 kilometres north of Fort McMurray, Alta., and is recognized as one of the best oil sands mining assets in the region. Fort Hills is co-owned by: Suncor Energy Inc. Total E&P Canada Ltd.
How much does Suncor own of Syncrude?
Since 2016, Suncor has grown its ownership from 12% to 58.74% through acquisitions. The Syncrude joint venture owners are Suncor (58.74%), Imperial Oil Resources Limited (25.0%), Sinopec Oil Sands Partnership (9.03%) and CNOOC Oil Sands Canada (7.23%).
Is Suncor a mining company?
Suncor’s oil sands mining operations are located near Fort McMurray in northern Alberta and include the Millennium and North Steepbank sites as well as the Suncor-operated Fort Hills mine. …
How many refineries does Suncor have?
four refineries
In addition, we own and operate four refineries (with a combined capacity of 460,000 barrels per day), Canada’s largest ethanol plant, wind farms, and a network more than 1,500 retail and wholesale outlets which provide North American consumers with secure sources of energy.
What is Teck Frontier project?
The Frontier Oil Sands Mine Project, proposed by Teck Resources Limited includes the construction, operation and reclamation of an oil sands surface mine with a production capacity of about 260,000 barrels per day of bitumen. If the project is approved, the proposed project would operate for 41 years.
What is mined in Fort McMurray?
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen or extremely heavy crude oil, located in northeastern Alberta, Canada – roughly centred on the boomtown of Fort McMurray.
Who owns Suncor Canada?
Suncor is the world’s largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada. Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor.
How many barrels a day does Syncrude produce?
350,000 barrels per day
It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m3/d) of oil, equivalent to about 13% of Canada’s consumption.
Is Suncor a buy or sell?
Suncor Energy has received a consensus rating of Buy. The company’s average rating score is 2.92, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Who is Canada’s largest oil producer?
Alberta
Alberta. Alberta is Canada’s largest oil and natural gas producer and is home to vast deposits of both resources. Alberta’s oil sands are located in the northern area of the province, while natural gas is found throughout. 11% – total government revenue from Alberta’s oil and gas resources in fiscal 2018/19.
Who is the biggest oil company in Canada?
The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada. Crude oil is produced across the country from coast to coast to coast. In 2019, Alberta had the highest amount of crude oil production in Canada.
How long has Suncor been working on Fort Hills?
Although Suncor has only been working on the project for the past 7 years, the Fort Hills lease has actually been under development for almost a century. In many ways, the project has been around the block several times and seems to have jinxed the many companies that have crossed its path.
Who are the partners in the fort hills project?
The Fort Hills Energy LP’s partners include Suncor Energy (50.8%), Total E&P Canada (29.2%) and Teck Resources Limited (20%). Suncor Energy is the developer and operator of the Fort Hills project through an operating services contract.
What was the price of the fort hills project?
The deal gave Total a 20% share of the Fort Hills project. The new start date was moved to 2016. Fort Hills was finally given the green light in October with a $13.5 billion price tag (sans upgrader).
How does the fort hills oil sands mine work?
Fort Hills’ open-pit mine plan has two main pits and a mine fleet capable of sustaining a production of 14,500 tonnes of oil sand per hour. The mine delivers oil sands feed to two ore crushing plants, where oil sand material will be crushed and processed.