Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update | Oil Sands | Oil Sands Projects | SAGD
Cenovus Outlines Production at SAGD Projects, Plans for Expansion
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Cenovus has a substantial portfolio of oil sands assets in northern Alberta with the potential to provide decades of growth. The two operations currently producing, Foster Creek and Christina Lake, use SAGD, which involves drilling into the reservoir and pumping the oil to the surface.
Cenovus is currently building its third major oil sands project at Narrows Lake, which is part of the Christina Lake Region. These projects are operated by Cenovus and jointly owned with ConocoPhillips. Cenovus has an enormous opportunity to deliver increased shareholder value through production growth from several identified emerging projects and additional future developments.
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