Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc. > Yesterday's Trans Mountain Expansion Variance Decision

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Comment by newtonboyon Dec 06, 2023 8:14pm

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Post# 35772153

RE:RE:RE:RE:RE:RE:Yesterday's Trans Mountain Expansion Variance Decision

OUR INTEGRATED ASSET PORTFOLIO

PetroChina Canada’s portfolio includes six assets in Western Canada

PetroChina Canada’s Oilsands assets are connected to the Grand Rapids Pipeline System which moves our diluted bitumen to Edmonton for market and beyond. Groundbirch and Duvernay are equity gas supply sources for our interest in LNG Canada, which upon a Final Investment Decision could potentially export liquefied natural gas to markets overseas.

MacKay River Oilsands

Wholly owned and operated by PetroChina Canada
Approximately 30 km west of Fort McMurray, Alberta
Projected lifespan: 1.7 billion barrels of bitumen resources
Steam-assisted gravity draining (SAGD) facility
First steam achieved: 2016
First oil to market: Q3 2017
Phase 1: will recover 99% of the produced makeup water fed to the plant and reuse as boiler feedwater

Dover Oilsands

Wholly owned and operated by PetroChina Canada
Approximately 95 km northwest of Fort McMurray, Alberta
Projected lifespan: 3.4 billion barrels of bitumen resource

Grand Rapids Pipeline

Non-operated joint venture (50% interest) with TC Energy
Late 2012: Joint venture agreement signed
Will transport crude oil and diluent volumes 460 km between Fort McMurray region and the Edmonton/Heartland region
Expected dual system capacity: 900,000 bbls/d of oil and 330,000 bbls/d of diluent
Current: single 20 inch pipeline in service 2017
Visit TC Energy for more

Duvernay Shale Gas

Located in west-central Alberta and fully owned by PCC
Liquid-rich gas and condensate resource play
Producing 13,000 boe/d

Groundbirch Tight Gas

Non-operated joint venture (20% interest) with Shell Canada Limited
Montney tight gas formation, approximately 50 km of Fort St. John, British Columbia
Producing methane gas, natural gas liquids and condensate; 10,000 boe/d, net
Visit Shell for more

LNG Canada

Non-operated joint venture (15% interest) with Shell Canada Limited (40%), PETRONAS (25%), Korea Gas Corporation (5%) and Mitsubishi Corporation (15%)
A natural gas liquefaction plant and marine terminal export facility
Located near Kitimat, British Columbia on Canada's west coast
Phase 1 consists of two trains which produce approximately 7 million tonnes of LNG per annum each; Phase 2 would add an additional two trains
Regulatory approvals: received 40-year export license and environmental permits
In October 2018, joint venture partners announced Final Investment Decision to build the LNG Canada export facility
Visit LNG Canada for more