Foster creek oil sands expansion project

Phase H of the project had been deferred due to low oil prices in March 2020. Project Website: http://www.cenovus.com/operations/oilsands/foster-creek.html.

The Athabasca oil sands deposit is the largest oil sands deposit in Alberta-Canada which contains about 1.7 trillion barrels (270×109 m3) of bitumen in-place. In the Athabasca oil sand, most of the bitumen deposits are found within a single contiguous reservoir, the lower cretaceous McMurray Formation. The oil at Foster Creek sits about 450 metres below the surface — so deep that we have to use technology, called steam-assisted gravity drainage (SAGD), to drill and pump the oil to the surface. Foster Creek began as a pilot project in 1997 and in 2001 became the first commercial oil sands project to use SAGD technology. Cenovus oil sands projects deliver strong production growth of 14% Company approves additional capital investment for several oil projects • Foster Creek and Christina Lake combined oil sands production was almost 67,000 barrels per day (bbls/d) net to Cenovus in the first quarter, a 14% increase compared with the same period in 2010. Top Quartile Oil Sands Reservoirs - EnCana Foster Creek SAGD Project, Cold Lake Area, Alberta, Canada* Rudy Strobl1, Daryl Wightman1, Phil Aldred1, Sung Youn1, Wes Sutherland1, Bill Male2, Satyaki Ray3, Richard Shang3, and Bingjian Li4 Search and Discovery Article #10731 (2015) The expansion is one of three underway at the project site, with two similarly size projects expected to be complete in late 2015, pushing Foster Creek’s capacity to 210,000 barrels per day. The As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping Phase 1 of the project was designed to produce 10,000 BPD of high quality bitumen. Phase 2 and Phase 3 were each designed to produce an additional 30,000 BPD, bringing the total project to 70,000 BPD. The development of the Christina Lake reserves was phased to complement the proposed expansion of the Foster Creek reserves.

30 Apr 2010 Cenovus project hits royalty milestone Foster Creek paying more to province Foster Creek is the largest thermal oilsands project using advanced hire a 180 people at Christina Lake this year in preparation for expansion.

The expansion is one of three underway at the project site, with two similarly size projects expected to be complete in late 2015, pushing Foster Creek’s capacity to 210,000 barrels per day. The oil sands of northern Alberta are the world’s third- largest oil reserve and the largest source of crude imports for the United States. The earliest possible sanction decision for the $1.2-billion to $1.3-billion project would be the second half of 2020, followed by first steam in 2025. Cenovus is also considering Phase H at its Foster Creek project, which would add 40,000 bbls/d of production capacity for an estimated capital cost of $600 million to $650 million. The Athabasca oil sands deposit is the largest oil sands deposit in Alberta-Canada which contains about 1.7 trillion barrels (270×109 m3) of bitumen in-place. In the Athabasca oil sand, most of the bitumen deposits are found within a single contiguous reservoir, the lower cretaceous McMurray Formation. The oil at Foster Creek sits about 450 metres below the surface — so deep that we have to use technology, called steam-assisted gravity drainage (SAGD), to drill and pump the oil to the surface. Foster Creek began as a pilot project in 1997 and in 2001 became the first commercial oil sands project to use SAGD technology. Cenovus oil sands projects deliver strong production growth of 14% Company approves additional capital investment for several oil projects • Foster Creek and Christina Lake combined oil sands production was almost 67,000 barrels per day (bbls/d) net to Cenovus in the first quarter, a 14% increase compared with the same period in 2010. Top Quartile Oil Sands Reservoirs - EnCana Foster Creek SAGD Project, Cold Lake Area, Alberta, Canada* Rudy Strobl1, Daryl Wightman1, Phil Aldred1, Sung Youn1, Wes Sutherland1, Bill Male2, Satyaki Ray3, Richard Shang3, and Bingjian Li4 Search and Discovery Article #10731 (2015)

(Dover West Clastics Project NIA); Athabasca Oil Sands Corp. CNRL (Grouse In-Situ Oil Sands Project NIA); Cenovus Energy (Foster Creek Thermal Pengrowth Energy Corporation (Lindbergh SAGD Expansion Project NIA); PennWest 

As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping Phase 1 of the project was designed to produce 10,000 BPD of high quality bitumen. Phase 2 and Phase 3 were each designed to produce an additional 30,000 BPD, bringing the total project to 70,000 BPD. The development of the Christina Lake reserves was phased to complement the proposed expansion of the Foster Creek reserves. Cenovus is also considering Phase H at its Foster Creek project, which would add 40,000 bbls/d of production capacity for an estimated capital cost of $600 million to $650 million. Again, contingent on the outlook for oil takeaway capacity, the earliest possible sanction for Foster Creek Phase H would be late 2020, followed by first steam potentially in 2023, the company said. Rod Nickel WINNIPEG, Manitoba (Reuters) – As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. Foster Creek receives approval to expand oil sands production 9/20/2010 Cenovus Energy Inc. is moving forward with the expansion plans for its Foster Creek oil sands operation after receiving regulatory approval from the Alberta Energy Resources Conservation Board (ERCB). The Aspen Oil Sands Project, Imperial Oil’s $2.6 billion, new in-situ oilsands project will eventually produce 150,000 barrels of oil per day (bpd). It is under construction.Foster Creek Oil … Cenovus’s producing oil sands projects, Foster Creek and Christina Lake, use specialized methods, such as steam-assisted gravity drainage (SAGD), to drill and pump the oil to the surface.

Phase H of the project had been deferred due to low oil prices in March 2020. Phase H will eventually add 40,000 barrels per day of capacity. There are seven phases (Phases A - G) currently producing at Foster Creek. Cenovus expects Foster Creek will have a capacity of 390,000 bbs/d upon full build-out.

23 Feb 2020 approve Teck Resources' Frontier oil sands project, roughly 20 others sit on TO) Frontier is far from the only expansion path for Canada's oil sands. 40,000 bpd to its Foster Creek site and 65,000 bpd to Christina Lake. 30 Apr 2010 Cenovus project hits royalty milestone Foster Creek paying more to province Foster Creek is the largest thermal oilsands project using advanced hire a 180 people at Christina Lake this year in preparation for expansion. (Dover West Clastics Project NIA); Athabasca Oil Sands Corp. CNRL (Grouse In-Situ Oil Sands Project NIA); Cenovus Energy (Foster Creek Thermal Pengrowth Energy Corporation (Lindbergh SAGD Expansion Project NIA); PennWest 

The earliest possible sanction decision for the $1.2-billion to $1.3-billion project would be the second half of 2020, followed by first steam in 2025. Cenovus is also considering Phase H at its Foster Creek project, which would add 40,000 bbls/d of production capacity for an estimated capital cost of $600 million to $650 million.

30 Apr 2010 Cenovus project hits royalty milestone Foster Creek paying more to province Foster Creek is the largest thermal oilsands project using advanced hire a 180 people at Christina Lake this year in preparation for expansion. (Dover West Clastics Project NIA); Athabasca Oil Sands Corp. CNRL (Grouse In-Situ Oil Sands Project NIA); Cenovus Energy (Foster Creek Thermal Pengrowth Energy Corporation (Lindbergh SAGD Expansion Project NIA); PennWest  Foster Creek SAGD Oil Sands Facilities - Cenovus In summer of 2018, the company announced its plans for a $400 million expansion of current operational   22 Jul 2015 Canadian oil-sands producer Cenovus Energy relies on a technique Foster Creek was really the first project to have achieved an Just because we deferred some expansion projects, doesn't mean we can't restart them. 8 May 2018 ERA OIL SANDS INNOVATION CHALLENGE PROJECTS demonstration project on multiple well pads at its Foster Creek oil sands project. The IPEP system would also enable expansion of mining operations without  BlackGold Oilsands Phase 2 Expansion Project - High. BlackGold Phase 2 (the less than 10 percent that size. Foster Creek produces from the McMurray fo. Oil & Gas. All · Gas · Oil · Oil Sands · Pipe Fabrication & Module Assembly · Pipelines · Structures · gas Cabin Gas Plant Phases 1 & 2 EnCana Corporation Fort 

Cenovus is also considering Phase H at its Foster Creek project, which would add 40,000 bbls/d of production capacity for an estimated capital cost of $600 million to $650 million. Again, contingent on the outlook for oil takeaway capacity, the earliest possible sanction for Foster Creek Phase H would be late 2020, followed by first steam potentially in 2023, the company said. Rod Nickel WINNIPEG, Manitoba (Reuters) – As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources’ Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. Foster Creek receives approval to expand oil sands production 9/20/2010 Cenovus Energy Inc. is moving forward with the expansion plans for its Foster Creek oil sands operation after receiving regulatory approval from the Alberta Energy Resources Conservation Board (ERCB). The Aspen Oil Sands Project, Imperial Oil’s $2.6 billion, new in-situ oilsands project will eventually produce 150,000 barrels of oil per day (bpd). It is under construction.Foster Creek Oil … Cenovus’s producing oil sands projects, Foster Creek and Christina Lake, use specialized methods, such as steam-assisted gravity drainage (SAGD), to drill and pump the oil to the surface.