CALGARY - Suncor Energy Inc. says it has assumed operatorship of the Syncrude oilsands project in a bid to improve its performance. The Calgary-based company agreed to become the operator of the Syncrude Joint Venture, one of the largest operations in the oilsands last year. Suncor CEO Mark Little says the company will build on the strength of the other Suncor-operated assets in the region to improve operating performance and unlock significant value. Suncor holds a majority stake in Syncrude with 58.74 per cent. Imperial Oil Resources Ltd. owns 25 per cent, while Sinopec Oil Sands Partnership holds 9.03 per cent and CNOOC Oil Sands Canada owns 7.23 per cent.

Source: thestar October 01, 2021 16:47 UTC