Cenovus Ahead of Schedule at Christina Lake Oil Sands Project

Cenovus Energy Inc. (TSX:CVE,NYSE:CVE) announced that the Phase D expansion at its Christina Lake oil sands operation has been completed about three months early and has achieved first production; construction of Phase E is happening now and is ahead of schedule.

As quoted in the press release:

Phase D is planned to produce approximately 40,000 bbls/d. Cenovus expects the production ramp-up to be complete in six to nine months, similar to the ramp-up of phase C and considerably faster than the industry average. The efficient ramp-ups achieved at Christina Lake are due to the high quality of the reservoir and the use of accelerated start-up techniques. Commissioning of the phase D facilities is almost complete and will bring total production capacity at Christina Lake to 98,000 bbls/d. With additional expansions and optimization, Cenovus anticipates Christina Lake will have a total production capacity of about 300,000 bbls/d.

Click here to read the full Cenovus Energy Inc. (TSX:CVE,NYSE:CVE) press release.