Said to be consistent with the company’s strategy to focus on a core portfolio of oil producing assets, the sale includes properties located across multiple regions in Alberta, northeast British Columbia and southern Saskatchewan.
Majority of the company’s unconventional Montney natural gas properties in the Fort St John region of British Columbia and Wilson Creek, Alberta unconventional oil assets are excluded from the sale.
CQ Energy is a newly established partnership between Centrica and Qatar Petroleum International.
Suncor’s operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.
