Fort Hills Oil Sands Project

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Summary Information

  • Operator: Suncor
  • Country: Canada
  • Location: Athabasca, Alberta
  • Production start: 2018
  • Partners: Suncor - 40.8%, Total - 39.2%, Teck - 20%
  • Type: Oil
  • Estimated Reserves: 3.4 billion barrels
  • Production Volume:

Description

  • The field has approximately 3.4 billion barrels of bitumen, which is recovered through open-pit mining
  • The project is planned to mine and process 110 million tonnes of oil sand per year, yielding an average of 180,000 barrels of bitumen per day at full production
  • capital investment in Fort Hills is estimated at approximately $13.5 billion
  • Oil is transported on a pipeline to Enbridge's mainline hub at Hardisty, Alberta

Contractors

  • **WorleyParsons:** Detail Engineering phase; Ore Preparation Plant and Extraction and Tailings areas
  • **Fluor:** Engineering, procurement, fabrication and construction
  • **Kentz:** Full engineering, design and procurement of the project telecommunication systems
  • **Aecon:** Mining Contract

History

  • 2002 - The Fort Hills mine received regulatory approval
  • 2007 - Design Basis Announced for Fort Hills Project
  • 2010 - Total acquired 20% of the project
  • 2011 - Total increased its stake
  • 2013 - WorleyParsons awarded detailed engineering
  • 2013 - Final investment decision taken
  • 2014 - Fluor awarded EPC contract
  • 2018 - First oil produced
  • 2023 - Total acquired 6.65% from Teck Resources
  • 2023 - Suncor acquired Total's stake

Geology

Links

  1. Design Basis Announced for Fort Hills Project
  2. Total E&P Canada Ltd completes acquisition of UTS Energy Corporation
  3. Suncor Energy finalizes strategic alliance with Total E&P Canada Ltd.
  4. Contract award for detailed engineering work for the Fort Hills Mine in Canada
  5. Suncor Energy and partners proceeding with Fort Hills oil sands project
  6. Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills and Suncor
  7. Enbridge to Develop $1.4 Billion Norlite Diluent Pipeline
  8. Kentz awarded further scope in Canada for the Fort Hills Oil Sands Project
  9. Aecon awarded mining project for Fort Hills oil sands project
  10. Fluor Secures Canadian Oil Sands Contract
  11. Canada: Fort Hills Project Reaches First Oil
  12. TotalEnergies EP Canada acquires an additional interest in Fort Hills, ahead of its planned spin-off
  13. Suncor Energy to Acquire TotalEnergies' Canadian Operations for $5.5 Billion, Plus Additional Potential Payments up to an Aggregate Maximum of $600 Million
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