Total: production starts at Fort Hills in Canada
(CercleFinance.com) - Total has announced that production has started at the Fort Hills oil sands project located in Canada.
This project is located in the province of Alberta, 90 kilometres north of Fort McMurray.
Production will increase over the next few months to reach a plateau of 180,000 barrels per day. The project is operated by Suncor, which holds a 53.06% stake alongside Total (26.05%) and Teck (20.89%).
Total has been involved in Exploration-Production in Canada since 1999. In addition to Fort Hills, the Group has a 50% stake in the Surmont project with a gross production capacity of 150,000 barrels per day. In 2017, the Group's production amounted to 59,000 barrels per day.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This project is located in the province of Alberta, 90 kilometres north of Fort McMurray.
Production will increase over the next few months to reach a plateau of 180,000 barrels per day. The project is operated by Suncor, which holds a 53.06% stake alongside Total (26.05%) and Teck (20.89%).
Total has been involved in Exploration-Production in Canada since 1999. In addition to Fort Hills, the Group has a 50% stake in the Surmont project with a gross production capacity of 150,000 barrels per day. In 2017, the Group's production amounted to 59,000 barrels per day.
Copyright (c) 2018 CercleFinance.com. All rights reserved.