The company has also signed an agreement to sell to Suncor the entirety of the shares of TotalEnergies EP Canada Ltd., comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.
The company has awarded a US$615 million (AED 2.26 billion) engineering, procurement and construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide injection at the Habshan gas processing plant.