Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Midstream - Storage | General News | Midstream - Processing Plant

Cenovus Oil Sands Facilities Processing at Reduced Rate; Storage Excess

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Thursday,March 22,2018

Cenovus reported that its oil sands facilities have been operating at a reduced rate and is storing excess barrels.

This is in reponse to wider than normal light-heavy price differentials and recent pipeline capacity constraints as well as the slow pace of the ramp-up in crude-by-rail export capacity in Alberta.

Guidance Unchanged

While this strategy may result in fluctuating production from month to month, Cenovus continues to expect full-year oil sands volumes for 2018 to be within the company’s guidance range of 364,000 to 382,000 barrels per day.





Related Categories :

General News   

More    General News News

Canada News >>>