ConocoPhillips Snaps Up Total’s Surmont Oil Sands Stake

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US independent ConocoPhillips is set to become the sole owner of the Surmont oil sands project in Alberta with the planned purchase of TotalEnergies’ remaining 50% stake in the facility for more than $3 billion.

Topics:
Corporate Strategy , M&A, Oil Sands, Upstream Projects, Independent E&Ps
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