CENOVUS TO GROW PRODUCTION FIVE-FOLD

摘要

Having an estimated resource in-place resource of 137 billion barrels of bitumen, Cenovus Energy Inc. plans to increase production five-fold to 300,000 barrels per day (net) in 10 years, averaging $8 per-barrel finding and development costs.That growth is expected to come from expansions at its Foster Creek and Christina Lake in-situ oilsands operations as well as new projects at Narrows Lake and Grand Rapids.