Suncor says the deal depends on
The
But the future of West White Rose has been in doubt since Cenovus acquired the project's former operator,
The White Rose oilfield asset is jointly owned by Suncor and Cenovus, which holds a 72.5 per cent stake. Suncor says it will receive a cash payment from Cenovus in exchange for increasing its stake in the project.
Suncor says Cenovus will make a decision about restarting the West White Rose expansion by mid-2022. It says there will not be a significant capital spend before 2023.
This report by
Companies in this story: (TSX:SU, TSX:CVE)
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