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Deep Basin

Conventional

Cenovus's conventional business is one of our two core production areas. The conventional assets include the Deep Basin, a liquids-rich natural gas fairway located along the eastern slopes of the Rocky Mountains in northwestern Alberta and northeastern British Columbia, and our Marten Hills heavy oil project.

Our conventional assets are comprised of approximately 2.8 million net acres of land and a substantial base of natural gas processing facilities in the Deep Basin as well as a significant land position in the Marten Hills area. The conventional assets produced more than 97, 000 barrels of oil equivalent a day in 2019.

We are focused on a disciplined, moderate pace of development in our conventional business, pursuing opportunities with high-return potential while focusing on maintaining safe and reliable operations.