Cenovus Energys Total Bitumen Initially-in-Place Estimated at 137B Barrels; Oilsands Production Expected to Increase 5-Fold to 300,000 bpd by 2019
Green Car Congress
JUNE 17, 2010
Cenovus’s new ten year business plan outlines how the company expects to reach bitumen production of 300,000 barrels per day (bbls/d) net to Cenovus by the end of 2019, while maintaining capital discipline. The company plans to test a SAGD well pair at Grand Rapids this fall and possibly submit a regulatory application by the end of 2011.
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