One-Page Deal Sheet
Murphy Sells Syncrude Oil Sands Assets to Suncor in C$937MM Deal
Suncor Energy Inc. Murphy Oil Corp
Announced Date
April 27,2016
Effective Date
April 01,2016
Close Date
June 24,2016
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
937
Asset/Basin:
{"Oil Sands"}
TargetZones:
{"Athabasca Oil Sand
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - June 24, 2016
Murphy Oil Corporation announced its Canadian subsidiary, Murphy Oil Company Ltd. (MOCL), closed the sale of its five percent non-operated working interest in Syncrude Canada Ltd. to Suncor Energy Inc.
The transaction was previously announced on April 27, 2016, with an effective date of April 1, 2016. This non-core asset divestiture will positively impact corporate liquidity by increasing net cash on the balance sheet before closing adjustments by C$937 million before-tax. As a result of this sale and recent wildfires in the Syncrude region, Murphy's…
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