(Adds Suncor CEO and Murphy Oil (NYSE:MUR) comments, background)
April 27 (Reuters) - Canadian oil and gas producer Suncor
Energy Inc SU.TO said on Wednesday it has agreed to pay about
C$937 million to acquire an additional 5 percent stake in its
Syncrude oil sands joint venture from Murphy Oil Corp's MUR.N
Canadian unit.
The deal would increase the company's share in Syncrude to
53.74 percent, Suncor said in a statement.
Together with Suncor's acquisition of Canadian Oil Sands in
March, the company's production capacity would increase by
17,500 barrels per day of high-quality light sweet synthetic
crude, Suncor Chief Executive Steve Williams said.
Murphy Oil said in a statement it expected the deal to close
at mid-year.