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Cenovus Energy Inc
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October 2016 Corporate Presentation
| Kam Sandhar | Page 7 of 11 |
November 21, 2024
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"October 2016 Corporate Presentation"
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Becoming a low cost energy producer Targeting 30% reduction from 2014 lev els • 21% reduction to G&A • Improved effi cienci es, workforce opti mizati on and discr etionar y spendi ng • 31% reduction to oil sands opex • Sustai nabl e cost savi ngs achi eved acr oss the val ue chai n 2016F represe nts midpo int of July 28, 2016 gui danc e. 6 Oil sands operating costs G &A $379 $335 $300 $0 $100 $200 $300 $400 2014 2015 2016F Futur e $13.50 $10.13 $9.38 $0.00 $2.50 $5.00 $7.50 $10.00 $12.50 $15.00 2014 2015 2016F Fu ture C$ millio ns $/bbl