Quick facts about Cenovus

Cenovus: An energy company for the 21st century. A company with new ideas and new approaches.

  • Canadian oil company
  • More than 3,500 staff
  • Committed to implementing new ideas and new approaches, safely and responsibly
  • Proven track record of low-cost operations and environmental leadership
  • Superior financial position with a strong balance sheet and free cash flow streams from established assets
  • Lower risk profile due to integration – our natural gas fuels our oil sands production, which can be refined and turned into products like gasoline, diesel and other petroleum products

Key projects

Foster Creek: situated on the Cold Lake Air Weapons Range. The pilot project began in 1996 and in 2002 became the industry's first commercial steam-assisted gravity drainage (SAGD) project. It has grown in five phases to its current size of over 185 wells producing more than 120,000 bbls/d gross before royalties.

Christina Lake: located about 120 kilometres south of Fort McMurray. The project began in 2000 and is in an earlier stage of development than Foster Creek with 26 wells producing approximately 25,000 bbls/d gross before royalties. We've received regulatory approval to move forward with phases E, F and G of our expansion plans. An application for an eighth phase (H) is expected to be submitted for regulatory review in 2013. Each phase will add approximately 40,000 bbls/d gross, bringing gross production capacity to approximately 258,000 bbls/d once complete (phase A - H inclusive).

Pelican Lake: located in northeast Alberta. This is where the company optimized horizontal drilling for the production of heavy crude oil in the thin Wabiskaw sand. Over the years, a number of innovative technologies including water flooding and polymer injection with horizontal wells have been applied to the reservoir, which has more than doubled production to its current rate of about 20,000 bbls/d.

Weyburn: located in southeast Saskatchewan, Weyburn is currently producing about 27,000 bbls/d. Since the start of CO2 injection in 2000, more than 17 million tonnes of CO2 have been stored here, which otherwise would have been vented into the atmosphere.

Conventional Oil: approximately 49,000 bbls/d of oil is produced from various lands in southern and eastern Alberta and Saskatchewan. Development of the resource is primarily with horizontal wells. Enhanced recovery with polymer injection is being piloted.

Natural Gas: the majority of the natural gas production comes from our shallow gas play that covers more than three million acres in southeast Alberta, including parts of Canadian Forces Base Suffield. We have operated for more than 50 years in the area and in that time have produced in excess of two trillion cubic feet of natural gas. Shallow natural gas is drilled with lighter equipment and has a small environmental footprint.

Wood River Refinery: located in Roxana, Illinois. This refinery has a processing capacity of approximately 356,000 bbls/d. It refines crude oils to produce gasoline, diesel and jet fuel, petrochemical feedstocks and asphalts. In November 2011, the coker and refinery expansion (CORE) project was completed. The new four-drum coker has a capacity of 65,000 barrels per day. The project's completion has expanded our heavy oil upgrading capacity and increased the production of clean transportation fuels.

Borger Refinery: located in Borger, Texas. This refinery has a processing capacity of approximately 146,000 bbls/d of crude oil and approximately 45,000 bbls/d of NGLs. It produces gasoline, diesel and jet fuel along with NGLs and solvents. In July 2007, a new coker, with a capacity of approximately 25,000 bbls/d, was brought into service, enabling the refinery to process heavy oil blends.

IMPORTANT NOTE: Cenovus presents production volumes on a net to Cenovus before royalties basis, unless otherwise stated.