Where is Fort Hills oil sands project?
Alberta
The Fort Hills project is an integrated oil sands project that includes a mine that was approved in 2002 by Alberta Environment and the Alberta Energy and Utilities Board, as well as a bitumen extraction facility, situated 90mi north of Fort McMurray in Alberta (Athabasca oil sands region), Canada.
Who owns Suncor Fort Hills?
Fort Hills is located in Alberta’s Athabasca region, 90 kilometres north of Fort McMurray, Alta., and is recognized as one of the best oil sands mining assets in the region. Fort Hills is co-owned by: Suncor Energy Inc. Total E&P Canada Ltd.
Who owns Fort Hills mine?
Suncor Energy Inc.
CALGARY — Water is flowing into the most valuable part of Suncor Energy Inc.’s massive 194,000-barrels-per-day Fort Hills oilsands mine, adding a fresh problem for a mega-project that has struggled to reach its full potential.
How many people work at Fort Hills?
We’re a globally competitive integrated energy company with a global team of over 30,000 people.
How many refineries does Suncor have?
In addition, we own and operate four refineries (with a combined capacity of 460,000 barrels per day), Canada’s largest ethanol plant, wind farms, and a network more than 1,500 retail and wholesale outlets which provide North American consumers with secure sources of energy.
When did Fort Hills open?
Oct 26 Fort Hills Mine
| FACILITY | FORT HILLS |
|---|---|
| START-UP | Jan/2018 |
| MINE LIFE | 2017 to 2059 |
| MINING AREA | 17,864 hectares |
| RESERVES | 2.40 × 109 bbls (approved) |
Why are Suncor shares down?
Despite the company’s impressive earnings and revenue results, the firm’s shares failed to display an uptrend, possibly due to escalated operating expenses in the June quarter along with reduced Fort Hills production guidance and an increased Downstream capex view for 2021.
Who is Canada’s largest oil producer?
Enbridge is the largest oil and gas company based in Canada. As of 2021, it had generated a revenue of some 33.7 billion U.S. dollars in its previous fiscal year.
Does Suncor produce natural gas?
Suncor is the world’s largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada. The company also produces conventional oil, heavy crude oil, and natural gas.
Is Suncor undervalued?
But, Suncor stock management seems to believe the company is undervalued. The company continued to buy back shares, repurchasing 23 million during the quarter for $643 million. That’s compared to repurchasing $522 million worth of shares in the second quarter of 2019.
Is Suncor a good buy now?
So, it’s no surprise that Suncor stock has a forward price-to-earnings ratio of just 7.5 times at this current market price. Right now, of the 12 analysts covering the stock, nine have it rated a buy, and the average target price is over $35 — a more than 50% premium to today’s price.
Is Suncor a Canadian company?
Today, Suncor is Canada’s premier integrated energy company, the fifth largest North American energy company and has a place on the global stage as one of the largest independent energy companies in the world.
How does Suncor manage tailings in the oil sands?
Suncor has enhanced its management plans and tailings management approach to meet the requirements of the TMF. These plans incorporate what we’ve learned through our implementation of various treatment technologies and through sharing information and best practices with members of Canada’s Oil Sands Innovation Alliance (COSIA).
Who are the owners of Fort Hills in Alberta?
Fort Hills. Fort Hills is located in Alberta’s Athabasca region, 90 kilometres north of Fort McMurray, Alta., and is recognized as one of the best oil sands mining assets in the region. Fort Hills is co-owned by: Suncor Energy Inc. Total E&P Canada Ltd. Teck Resources Ltd. Fort Hills is operated by Suncor.
Do you need login for Fort Hills orientation?
Required for escorted or non-escorted personnel accessing the Fort Hills site to perform work (hands-on or hands-off). Work can include: You will require the login details provided in your welcome email to complete this orientation. In addition to your orientation, complete any other training that is assigned to you.
How long is the mine life of Fort Hills?
Fort Hills is operated by Suncor. It’s mine life is expected to be approximately 50 years based on current mine plans. Go ahead. Be Suncor’s guest. If playback doesn’t begin shortly, try restarting your device.