Suncor Advances $13B Alberta Oil Sands JV With Total, Teck

Law360, New York (October 31, 2013, 2:25 PM EDT) -- Suncor Energy Inc. said Wednesday that it is moving ahead with a $13.5 billion CDN ($12.9 billion) Alberta oil sands joint venture with Total SA and Teck Resources Ltd. and tapped Enbridge Inc. to build a $1.6 billion CDN pipeline to serve the project.

The Fort Hills Mine project is located in Alberta's Athabasca region and is scheduled to produce first oil as early as the fourth quarter of 2017 and achieve 90 per cent of its planned production capacity of 180,000 barrels per day within...
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