Suncor energy to acquire totalenergies' canadian operations for $5.5 billion, plus additional potential payments up to an aggregate maximum of $600 million

All financial figures are in canadian dollars, unless noted otherwise transaction includes the remaining 31.23% working interest in fort hills and 50% working interest in surmont adds 135,000 barrels per day of bitumen production capacity and 2.1 billion barrels of reserves ensures sufficient long-term bitumen supply beyond base mine end of life to keep base plant upgraders full immediately accretive to funds flow per share and the board intends on increasing dividend by approximately 10% after closing calgary, alberta--(newsfile corp. - april 27, 2023) - suncor energy (tsx: su) (nyse: su) today announced that it has agreed to purchase totalenergies' canadian operations through the acquisition of totalenergies ep canada ltd., which holds a 31.23% working interest in the fort hills oil sands mining project (fort hills) and a 50% working interest in the surmont in situ asset.
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