Cenovus oil sands production

15 Nov 2014 The approval is for a steam-assisted gravity drainage (SAGD) project with initial production capacity of 90,000 barrels of oil per day. Telephone 

Calgary-based Cenovus reduced its 2019 oil sands production guidance by 7 percent, reflecting the impact of the curtailments. It now expects oil sands production to average 350,000-370,000 bpd in 2019, below the 377,000-395,000 bpd range forecast in December. Cenovus anticipates that its total oilsands production next year will grow by approximately 13 percent compared to 2019, averaging 390,000 to 410,000 bbls/d. Production at both Christina Lake and Foster Creek has been reduced this year due to Alberta's production curtailment. Cenovus Energy, one of the country's largest oilsands players, is calling on the Alberta government to implement "temporary" production cuts across the oil sector. CALGARY — Cenovus Energy Inc. is preparing to throttle back its oilsands production and cut investment spending in the face of crippling discounts for Canadian heavy oil. The Calgary-based oilsands producer outlined plans Canada's Cenovus Energy is curtailing oil sands production to cut losses spurred by the continued lack of market access and deep crude price discounts, the company said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Cenovus noted that while its strategy may result in fluctuating production from month to month, it continues to expect full-year oilsands volumes for 2018 to be within its guidance of 364,000 to

10 Dec 2019 “Recently, the Government of Alberta introduced Special Production Allowances, enabling oil companies to produce barrels in excess of 

An oil sands project. Our 100 percent-owned Christina Lake project is one of our two producing oil sands operations in northeastern Alberta, and is located approximately 150 kilometres southeast of Fort McMurray. The oil at Christina Lake is about 375 metres underground. Cenovus Energy announced plans to boost output and spending at both of its oil sands operations next year, benefiting from the province's Special Production Allowances. 2020 SPENDING AND PRODUCTION GUIDANCE The company says it plans to spend about $1.4 billion in 2020, about 70% of which will go Cenovus Energy Inc. joined some of its oil-sands peers in setting a goal of reaching net-zero emissions from its operations, part of a push to improve the industry’s reputation and win over Cenovus anticipates that its total oilsands production next year will grow by approximately 13 percent compared to 2019, averaging 390,000 to 410,000 bbls/d. Production at both Christina Lake and Foster Creek has been reduced this year due to Alberta's production curtailment. Cenovus Energy Inc. says its thermal oil sands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus Calgary-based Cenovus says it has reached a significant milestone with one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. It said it’s the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology.

11 Dec 2019 Notably, it expects low sustaining capital costs for oil sands operations and a 5% reduction in non-fuel operating costs per barrel in 2020. Price 

"Production from our oil sands and conventional oil projects continues to increase and we're seeing value from the completed coker expansion at the Wood River  16 Oct 2019 And given that the sector's objective is to produce more barrels of oil, even The open letter by executives at oil sands giants Cenovus, MEG 

and significant liquidity. goal: increase oil sands production five-fold by the end of 2019 by: • converting resources into reserves. • continuing development of our.

Calgary-based Cenovus reduced its 2019 oil sands production guidance by 7 percent, reflecting the impact of the curtailments. It now expects oil sands production to average 350,000-370,000 bpd in 2019, below the 377,000-395,000 bpd range forecast in December.

12 Jul 2019 Canadian oil and natural gas company Cenovus Energy's thermal oil sands operations in northern Alberta together produced one billion 

16 Oct 2019 And given that the sector's objective is to produce more barrels of oil, even The open letter by executives at oil sands giants Cenovus, MEG  12 Jul 2019 Canadian oil and natural gas company Cenovus Energy's thermal oil sands operations in northern Alberta together produced one billion  24 Feb 2014 Oil sands expansion is expected to help Canada more than double oil production to about 6.2 million barrels per day (bpd) by 2030. Cenovus 

Phase H of the project had been deferred due to low oil prices in March 2020. Phase There are seven phases (Phases A - G) currently producing at Foster Creek. Cenovus expects Foster Creek will have a capacity of 390000 bbs/d upon full Project Website: http://www.cenovus.com/operations/oilsands/foster-creek. html. and significant liquidity. goal: increase oil sands production five-fold by the end of 2019 by: • converting resources into reserves. • continuing development of our.