Syncrude is an oil sands producer in Canada based in Fort McMurray.
Syncrude is a joint venture between Suncor (majority stake), Imperial, Sinopec, and CNOOC.
Most of Syncrude oil sands operations involve surface mining. Bitumen extracted from oil sands is upgraded to lighter oil and sent by pipelines to Edmonton for refining.
Oil sands surface mining is a process that uses heavy machinery to scoop oil sands and then transport them to a processing plant where the oil is separated from the sand.
Syncrude Locations
567 Snow Eagle Dr,
Fort McMurray, AB T9H 0B6
Syncrude also has a research and development facility in Edmonton.
Syncrude Stock Prices
Syncrude is owned by several oil and gas companies and is not publicly traded.