Economics : Type Curve
Showing 3 Results
0%
5%
10%
15%
20%
25%
30%
0 3 6 9 12 15 18 21 24
Months on production
E20 PAD (2008) E15 PAD (2009) W02 PAD (2011) E08 PAD (2013)
W08 PAD (2015) W07 PAD (2016) W10 PAD (2016) W05 PAD (2016)
W18 PAD (2016) W23 PAD (2016) W15 PAD (2016)
Improved start-up procedures on new pads
Improved
performance
Foster Creek well performance improving
? Longer reach horizontal well pairs Recovery factor
? Drilling improvements
? Inflow/outflow control devices
? Improved start-up techniques
? Quicker start-up
? Better conformance and faster recovery
? Fewer Wedge Wells? required
Technology driven field improvements
Results in
16
Cenovus Energy Inc.
December 2017
LINDBERGH COMMERCIAL PRODUCTION
PHASE ONE PRODUCTION CONTINUES TO GROW
18,000 14.0
16,000
12.0
14,000 2016 Average Annual Production
Instantaneous Steam-Oil Ratio (ISOR)
16,500 bbl/d
Commenced steaming 10.0
Bitumen Production (bbl/d)
12,000 operations on
commercial facilities
Peak production
17,200 bbl/d 8.0
10,000
8,000 Forecast 6.0
6,000
4.0
4,000
2.0
2,000
0 0.0
Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16
Production (bbl/d) ISOR
2016 INVESTOR DAY 37
Pengrowth Energy Corp
January 2016
Cactus Lake Polymer Flood vs Waterflood Economics
BT ROR Sensitivity to WTI Price
Polymer flood economics highlight: 70
60
60% improvement in reserves
50
30% improvement in NPV
BT ROR%
40
Strong F&D 30
No degradation of ROR% 20
10
0
Case Capital M EUR Mbbl F&D /bbl 35 40 45 50 55 60 65 70
Waterflood 450 60 7.5 WTI Price US/bbl
Polymer Flood 786 100 7.9 Infill WF '16 Infill PF '16
Polymer Flood INCR 336 40 8.4
NPV Sensitivity to WTI Price
Infill Type Curve Comparison 1,400
30
1,200
25
1,000
20
NPV10 (M)
CD bbl/d
800
15
WF NET Producer
600
10
PF NET Producer
Go Forward 400
5 Decision
0 200
0 36 72 108 144 180 216
0
Prod Month
35 40 45 50 55 60 65 70
WTI Price US/bbl
Assumptions: Infill WF '16 Infill PF '16
1. Economics calculated using net reserves add (takes into account injector conversion)
2. F&D includes 100% of polymer powder costs
3. Mineral ownership and royalty assumptions: WF Case: Crown, 4th tier heavy oil; PF Case: Crown, EOR
Corporate Presentation January 2016 21
Northern Blizzard Resources Inc
January 2016