Suncor to sell Canadian offshore assets to Ithaca for $1.08 billion
SU•Suncor agreed to sell its interests in three Canadian offshore oil assets to Ithaca Energy for C$1.2 billion in upfront cash, plus a contingent payment of up to C$350 million.
1. Offshore asset sale
Suncor agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore oil assets to London-based Ithaca Energy. The deal includes C$1.2 billion in upfront cash and an additional contingent payment of up to C$350 million.
