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Cenovus oil sands production increases 23% Company generates nearly $1 billion in cash flow

Press Release

  • Production at Christina Lake averaged more than 68,000 barrels per day (bbls/d) net in the third quarter, an increase of 30% when compared with the same period a year earlier.
  • Foster Creek production averaged almost 57,000 bbls/d net in the quarter, 15% higher than the same quarter in 2013.
  • Cenovus achieved first production from its Foster Creek phase F expansion in September.
  • Cash flow was almost $1 billion in the third quarter, a 6% increase when compared with the same period in 2013.
  • Cenovus completed the sale of a portion of its Wainwright heavy oil assets in Alberta, recording a gain of $137 million on the divestiture.
  • The company was recently named to the Dow Jones Sustainability World Index for the third year in a row.

Read More: http://www.cenovus.com/news/news-releases/2014/20141023-Q3-results.pdf

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