�8i��pb��Ms*O���+� 3�4D��� 7_ 7����{���vq����J�^. Calgary-based Cenovus has committed to capacity on TransCanada Corp’s proposed Keystone XL and Energy East pipelines, Ferguson said, although he did not specify volumes. It"s planned to have three phases and project life of up to 40 years.
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
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65[Q1��R�5dtˢ�e��E&��i�&�F�F`�МB�5�Tcx��%�eGM�t��l�g+������M65�>�8i��pb��Ms*O���+� 3�4D��� 7_ 7����{���vq����J�^. Calgary-based Cenovus has committed to capacity on TransCanada Corp’s proposed Keystone XL and Energy East pipelines, Ferguson said, although he did not specify volumes. It"s planned to have three phases and project life of up to 40 years.
Income from refining and marketing was reported at $135 million for the full year 2016, down 10% from 2015 on a 32% decline in crack spreads. Almost all of those additional barrels come from SAGD expansion projects and improved reservoir performance in the oil sands.
Cenovus photo. Cenovus plans to provide an update on the Foster Creek expansion during its Investor Day event in June. Page of 1. All Discussions only Photos only Videos only Links only Polls only Events only. Foster Creek averaged 163,200 bbl/day in the fourth quarter, bringing the full year average to 140,500 bbl/day. 3 0 obj
Ground work for the initial phase of 45,000 bbls/d is expected to begin this fall. Cenovus doing engineering, design work on Foster Lake phase H and Narrows Lake phase A.
Sanctioning of Narrows Lake phase A by Cenovus and the project partner, ConocoPhillips, is expected to lead to the conversion of a portion of the contingent resource to proved reserves in the independent reserves evaluation to be prepared for year-end 2012. Click here to watch production manager Dave Kuhnert explain how EndurAlloy™ production tubing has cut Crownquest Operating LLC’s Permian Basin well operating costs and extended well run-times. The first phase of Narrows Lake will have a design capacity of 45,000 bbl/day, potentially expanding to 130,000 bbl/day in the future. The facility also achieved a consistently high utilization rate for the year. A new 100 megawatt cogeneration plant was also commissioned in Q4, adding to the facility's power generation capacity.
Operating earnings were C$321 million, or 39 cents a share, compared with a loss of C$438 million, or 53 cents a share, in the fourth quarter of 2015. However, fourth quarter netbacks were considerably better, averaging $21.45 on a bitumen realization price of $36.70 and reduced blending and transport costs (falling to $5.70/bbl).
