Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
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Mining Method |
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Production Start | ...  |
Mine Life | 2056 |
In 2023, Suncor Energy intends to continue progressing the three-year mine improvement plan at Fort Hills, which includes an accelerated sequence of mine development relative to its historical plans. |
Latest News | Suncor Energy to acquire TotalEnergies' Canadian oil sands stake for C$1.47 bln October 4, 2023 |
Source:
On February 2, 2023, Teck Resources Limited completed the sale of its 21.3% interest in the Fort Hills Energy Limited Partnership (“Fort Hills”) to Suncor Energy Inc. (14.65%) and TotalEnergies EP Canada Ltd. (6.65%). As a result of this transaction, Suncor and its affiliate’s aggregate share in the project is 68.75% and TotalEnergies EP Canada Ltd. - 31.25%.
October 4, 2023 - Suncor Energy will buy the 31.23% interest held by TotalEnergies EP Canada in the Fort Hills oil sands mining project in northern Alberta, its total ownership to 100%.
Suncor's deal is expected to close by the end of this year.
Contractors
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Summary:
Fort Hills is an oil sands mining area comprising leases on the east side of the Athabasca River, north of Oil Sands Base operations. Fort Hills operations are substantially similar to those of Suncor’s Oil Sands Base mining and extraction assets; however, Fort Hills uses a paraffinic froth treatment process to produce a marketable bitumen product that is partially decarbonized, resulting in a higher-quality bitumen requiring less diluent and eliminating the need for on-site upgrading facilities.
Fort Hills is an open-pit truck and shovel mine.
After overburden is removed, open-pit mining operations use shovels to excavate oil sands bitumen ore, which is trucked to sizers and breaker units that reduce the size of the ore. Next, a slurry of hot water, sand and bitumen is created and delivered via a pipeline to extraction plants.
Flow Sheet:
Summary:

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Commodity Production Costs:
| Commodity | Units | 2022 | 2021 | 2020 | 2019 |
Cash costs
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Bitumen
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Financials:
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Gross profit
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Source:

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