Market Overview

Cenovus Achieves First Production at Christina Lake Expansion

Cenovus Energy (NYSE: CVE) is producing oil from phase D at
its Christina Lake oil sands operation approximately three months ahead
of schedule and within budget. The company began injecting steam in the
second quarter of this year and began producing in late July. Production
at Christina Lake in August averaged more than 61,000 barrels per day
(bbls/d) gross, an increase of nearly 4,000 bbls/d when compared to
production in the second quarter. Christina Lake is operated by Cenovus
and jointly owned with ConocoPhillips.

Cenovus's Christina Lake operation

“Cenovus continues to demonstrate the strength of our phased approach to
expansions,” said John Brannan, Cenovus Executive Vice-President & Chief
Operating Officer. “We're very pleased

See full press release

Posted-In: News Guidance Management

 

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