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ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project

Summary by Ground News
The Houston-based oil company is currently the operator and the 50 per cent owner of the in situ oilsands asset near Fort McMurray, Alta. The U.S. company's move to buy the remaining stake is a blow to Calgary-based Suncor Energy Inc., which announced in April its intention to acquire Total's share of Surmont.

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Sask Today broke the news in on Friday, May 26, 2023.
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