Source:
p. 1
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%.
Suncor Energy Operating Inc., an affiliate of Suncor, acts as contract operator of Fort Hills pursuant to an operating services contract. The contract operator has exclusive authority to operate Fort Hills, subject to the oversight of a management committee on which each of the shareholders of the general partner are represented.
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.
Flow Sheet:
Summary:
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Production:
| Commodity | Units | 2021 | 2020 | 2019 |
|
Bitumen
|
k barrels
| ...... | ...... | ...... |
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Operational Metrics:
| Metrics | 2021 |
|
Ore tonnes mined
| ...... |
|
Daily production capacity
| ...... |
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Commodity Production Costs:
| | Commodity | Units | 2021 | 2020 | 2019 |
|
Cash costs
|
Bitumen
|
CAD
|
......
|
......
|
......
|
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Financials:
| | Units | 2022 | 2021 |
|
Capital expenditures (planned)
|
M CAD
| ...... | |
|
Capital expenditures
|
M CAD
| | ...... |
|
Gross profit
|
M CAD
| | ...... |
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