Current production on these lands is approximately 20.5mmcf/d of gas and 540 barrels per day of liquids. The sale is expected to close in the middle of the second quarter and is subject to closing conditions and regulatory approvals typical of transactions of this nature.
As part of its business alignment, Suncor Energy plans to divest several non-core assets. The proposed divestments include certain natural gas assets in Western Canada and the US Rockies, all Trinidad and Tobago assets and certain non-core North Sea assets, including all assets in the Netherlands.
Canada-based Suncor Energy’s operations include oil sands development and upgrading, conventional and offshore oil and gas production, and petroleum refining.
