The Canadian Fort Hills oil sands project located north of Fort McMurray in Alberta (Canada) has achieved first oil and the production is expected to ramp up until reaching a plateau of 180,000 bbl/d. The asset is operated by the oil and gas company Suncor (53.06% stake) while Total and Teck hold respectively 26.05% and 20.89% of the project. Total gradually reduced its stake from 39.2% in 2015 to 26.05% as of today. The company plans to reduce it to 25%, once the project's total cost is known.
Total has been present in the Canadian upstream since 1999. The group also holds a 50% stake in the Surmont project, whose second phase started in September 2015. Its gross production capacity has reached 150,000 bbl/d. The Canadian heavy oil sands production is expected to increase in the years to come and could reach 3.7 mb/d in 2030 (75% of the forecast oil production) and 4.3 mb/d in 2050.