Skip to main content Peters and Company Limited Energy Conference – Cenovus Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

Peters and Company Limited Energy Conference – Cenovus Energy Inc.

Cenovus Energy Inc. · Sep 15, 2015 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 1
    Delivering value in a volatile market Drew Zieglgansberger Executive Vice-President, Oil Sands Manufacturing Peters & Co. Limited Energy Conference Toronto | September 15, 2015
  2. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 2
    TSX, NYSE | CVE Enterprise value C$19 billion Shares outstanding 833 million 2015F production Oil & NGLs Natural gas 204 Mbbls/d 438 MMcf/d 2014 proved & probable reserves 3.9 BBOE Bitumen Economic contingent resources*…
  3. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 3
    Delivering value in a volatile market ? Continuing to focus on financial strength ? Achieving sustainable cost reductions ? Returns-focused capital allocation to top tier assets ? Continuing to optimize the portfolio
  4. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 4
    FCCL growth Emerging plays Capital allocation priorities Conventional Oil sands and downstream sustaining capital Dividend (20% to 25% of cash flow) Growth projects: Foster Creek/Christina Lake Narrows Lake Conventional…
  5. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 5
    0 50 100 150 200 250 300 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F Foster Creek Christina Lake Oil sands production Mbbls/d oduction is shown before royalties on…
  6. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 6
    Achieving sustainable cost reductions Improving SAGD well cost performance $7.0 $9.4 5.0 6.0 7.0 8.0 9.0 10.0 2014 basis Drilling Completions Pipelines Well pads Earthworks Tie-in Future basis Targeted SAGD well cost…
  7. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 7
    5 0 10 15 20 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Foster Creek Christina Lake Industry average $/bbl Foster Creek Q2 operating costs down 30% year-over-year Christina Lake Q2 operating costs down 31% year-over-year Source:…
  8. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 8
    Achieving sustainable cost reductions Improving SAGD well cost performance $7.0 $9.4 5.0 6.0 7.0 8.0 9.0 10.0 2014 basis Drilling Completions Pipelines Well pads Earthworks Tie-in Future basis Targeted SAGD well cost…
  9. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 9
    5 0 10 15 20 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Foster Creek Christina Lake Industry average $/bbl Foster Creek Q2 operating costs down 30% year-over-year Christina Lake Q2 operating costs down 31% year-over-year Source:…
  10. Peters and Company Limited Energy Conference – Cenovus Energy Inc. – slide 10
    Capital Total capital ~$11 - $14/bbl full cycle $2 - $3/bbl Growth capital: ? Phase expansion (includes all infrastructure and initial wells) ? Phase debottlenecking and optimization ? Numerator for capital efficiency calculation…

From the store

Browse maps, data & reports in the Shale Experts store