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Suncor sells offshore stakes to Ithaca Energy for C$1.2B upfront
Suncor sells Terra Nova, White Rose and West White Rose stakes to Ithaca for C$1.2B upfront plus up to C$350M, and raises monthly buybacks to C$750M.
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About White Rose oil field
White Rose is an oil field development project 350 kilometres (220 mi) off the coast of Newfoundland. Cenovus is the operator and 60 per cent interest holder in the White Rose oil fields.
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