Refineries
Our business venture with ConocoPhillips provides integration of upstream enhanced oil operations and downstream refining. This venture provides us with a 50 percent interest in the Wood River (Illinois) and Borger (Texas) refineries; in return, ConocoPhillips has a 50 percent interest in our Foster Creek and Christina Lake SAGD projects in the Athabasca region in northeast Alberta.
This interest in two quality refineries is a strategic fit for Cenovus and allows us to capture the full value from crude oil production through to refined products such as diesel, gasoline and jet fuel.
Both Cenovus and ConocoPhillips have positive industry track records in terms of safety and environmental performance. Our shared experience in these areas provides opportunities for continuous improvement.
