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Home / Deal Tracker / Suncor Energy Acquires TotalEnergies EP Canada
Oil and Gas Oil Sands Asset Acquisition Completed

Suncor Energy Acquires TotalEnergies EP Canada

Acquirer
Suncor Energy
Target
TotalEnergies Fort Hills Stake
2023
Year
🇨🇦 Canada
Country
Asset Acquisition
Deal Type
$X.XB
Deal Value 🔒
Sector
Upstream
Subsector
Oil Sands
Industry
Oil and Gas
Date Added
May 9, 2026
Status
Completed
🔒

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Suncor Energy acquired TotalEnergies' Canadian operations, including the 31.23% interest in the Fort Hills oil sands project, for C$1.47 billion in April 2023.

The deal gave Suncor 100% ownership of Fort Hills.

TotalEnergies EP Canada holds a 31.23% working interest in Fort Hills.