Cenovus expects the F, G and H expansion and optimization projects can be completed with capital costs of between $35,000 and $38,000 per incremental barrel, better than industry average. We know Doug Schweitzer is a pretty busy fellow these days, what with his new job as Alberta’s Minister of… U.S. & International. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface, and established natural gas and oil production in Alberta and Saskatchewan. Production from Qinhuangdao 33-1S oilfield, Phase I, in Bohai Bay has begun, operator CNOOC Ltd. said in a release June 11. “One of the key drivers of the cost increases is the impact of changes we made to the phases that we believe will result in better long-term plant reliability and production efficiency.”. Reg Curren In July, production averaged 102,000 b/d as volumes were impacted by scheduled maintenance on Cenovus’s cogeneration facility. The proposal is for an expansion of the existing Cenovus Foster Creek SAGD operation, increasing the total approved bitumen production to 295,000 bbls/d. Director, Investor Relations Cenovus Delays FID on Christina Lake and Foster Creek Phase H Expansions; Suspends Deep Basin & Martin Hills Operations By Criterion Research March 10, 2020 - Take a few minutes to learn how a Criterion Research subscription will help save you time and money. For more information, visit cenovus.com. 3 0 obj Pronghorn’s scope of work is to provide the … It is located about 330 kilometres northeast of Edmonton, on the Cold Lake Air Weapons Range — an active Canadian military base. Records. It is about 20 kilometres (12 mi) north of the Gippsland coastline which includes Shallow Inlet, Corner Inlet, Waratah Bay, Yanakie and Wilsons Promontory This will bring total expected gross production capacity at Foster Creek to 210,000 b/d. �`��pdp���a{�\��7t+c��m�_���f����� Cenovus expects the F, G and H expansion and optimization projects can be completed with capital costs of $35,000-38,000/incremental barrel, better than industry average, it said. It is committed to applying fresh, progressive thinking to safely and responsibly unlock energy resources the world needs. Phase H will eventually add 40,000 barrels per day of capacity. %PDF-1.5 qa���Y2�4�^�ĨΨ�ů5o��C��� 6�[�SuJ!��h��GF�o��WL�u*�Q�@ǡT6}�ɴ��=��8�zR�jw�j,�QJ�}��+���.���Wm�������XI10Nm�+"D�bǘT����oU�ߟ�:���J���ْ�m�!F����L�kG?�x�����9Y�>tڈ���Q� �N$���D�L��=Z. TM denotes a trademark of Cenovus Energy Inc. CENOVUS ENERGY INC. “One of the key drivers of the cost increases is the impact of changes we made to the phases that we believe will result in better long-term plant reliability and production efficiency.”. <> Susan Grey Our 100 percent-owned Foster Creek asset is one of our two producing oil sands projects in northeastern Alberta. “In July, we indicated that capital costs for the F, G and H expansion were trending higher and we committed to providing additional information,” said Brian Ferguson, Cenovus President & Chief Executive Officer. stream The revised cost estimate is based on actual costs for phase F, which Cenovus has used to update cost estimates for phases G and H and optimization. Foster Creek Veterinary Hospital will be dedicated to exemplary veterinary medicine, patient care, client services and employee well-being; while maintaining honesty, integrity, profitability, and community involvement. Privacy Policy endobj Wintershall Noordzee BV started gas production from its operated Sillimanite field in the southern North Sea. Environmental Impact Assessment and associated applications pertaining to the proposed Cenovus FCCL Ltd. Foster Creek Thermal Project - Phase J Expansion. In July, production averaged 102,000 bbls/d as volumes were impacted by scheduled maintenance on Cenovus’s cogeneration facility. Changes to the F, G and H expansion include improvements to the oil and water plant, safety systems, completion designs and the incorporation of recent regulatory changes. Cenovus is also considering Phase H at its Foster Creek project, which would add 40,000 bbls/d of production capacity for an estimated capital cost of $600 million to $650 million. Online Pharmacy . CNOOC Ltd. has begun production from Bozhong 34-9 oil field in southern Bohai Bay. <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Phases G and H are under construction and are expected to add another 30,000 bbls/d each with first production anticipated in late 2015 and 2016, respectively. Foster Creek SAGD Phase H-2: 15,000 bbls/d: 2020: Source: Peters & Co., Oilsands Review. Phase H of the project had been deferred due to low oil prices in March 2020. This will bring total expected gross production capacity at Foster Creek to 210,000 b/d. The company estimates a planned partial turnaround later in the month will have minimal impact on production volumes.

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