News
31 May 2023

ConocoPhillips acquires TotalEnergies' stake in Surmont oil sands asset

In:
Oil & gas
Region:
Americas

ConocoPhillips has exercised its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies.TotalEnergies will receive a cash payment upon closing of C$4.03 billion ($3 billion) and additional payments that could reach a maximum of C$440 million ($325 million) under...

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