Narrows Lake is an oil sands project located near Christina Lake. It's expected to have a total gross production capacity of 130,000 barrels per day, three phases and a project life of up to 40 years. Ground work for the initial phase of 45,000 gross barrels per day began in the fall of 2012. Narrows Lake will be the third steam-assisted gravity drainage (SAGD) oil sands project operated by Cenovus. We have a 50 percent ownership of the Narrows Lake, Foster Creek and Christina Lake projects with our partner, ConocoPhillips.
The project application, which has been approved by the Alberta Energy Resources Conservation Board (ERCB), is unique in our industry because it will allow us to use SAGD technology as well as proceed with the first ever commercial-scale solvent aided process (SAP) using butane.
Formal consultation on the project has taken place with our stakeholders, with numerous meetings and open houses taking place with surrounding communities to answer questions about Narrows Lake.
IMPORTANT NOTE: Cenovus presents production volumes on a net to Cenovus before royalties basis, unless otherwise stated.