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CS - Cenovus’ 1 Bbo from SAGD oil sands is a Q2 feather in its cap - July 2019



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Cenovus Energy reached the 1 Bbo cumulative oil sands production milestone on July 10 from its Foster Creek and Christina Lake facilities in northern Alberta. The company said it is the first to reach this milestone using SAGD technology. Foster Creek began pilot production in 1997 and in 2001 became the first commercial oil sands project to use SAGD. Christina Lake began producing oil in 2002. Cenovus said the two facilities have contributed $25 billion in capital spending to the Canadian economy......
 
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