Full ownership of Sunrise further enhances Cenovuss core strength in the oil sands. This document contains certain forward-looking statements and forward-looking information (collectively referred to as forward-looking information) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995, about Cenovuss current expectations, estimates and projections about the future, based on certain assumptions made in light of experiences and perceptions of historical trends. Location: North of Fort McMurray, Alberta, Canada Client: Husky Energy Category: Workforce Housing & Camp Services Modern furnishings complete the clean and comfortable cafeteria while the lounge is outfitted with leather seating and rustic wood tables. bp to sell interest in bp-Husky Toledo Refinery to Cenovus By applying Cenovuss advanced operating techniques, we expect to increase production at Sunrise while driving down sustaining capital, operating costs and emissions intensity.. Weve been operating in the oil sands for more than two decades, using a drilling method called steam-assisted gravity drainage or SAGD for short. Future expansion is planned to increase production to 210,000 barrels per day by 2017. BP is the latest international player to depart the Canadian oilsands, following on the heels of major companies such as Norwegian oil giant Equinor ASA formerly Statoil which completed its exit from the region last year when it sold its 18.8 per cent stake in Athabasca Oil Corp. Other European and U.S. companies such as Royal Dutch Shell, Statoil, Total, ConocoPhillips, Marathon Oil and Murphy Oil have reduced or eliminated their exposure to the oilsands since 2015, when oil prices crashed and investor concerns about the carbon intensity of oilsands product began to intensify. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie The remote work location of the camp, and sensitive nature of Cenovus operations, required enhanced safety precautions unique to the site. Interested in working in Lloydminster? Report summary. Acquiring the remaining working interest in Sunrise enables us to fully benefit from the significant optimization opportunities available, said Alex Pourbaix, Cenovus President & Chief Executive Officer. "This transaction offers potential upside from increasing Sunrise's production and improving its cost structure," he said. The company announced Monday a deal to sell its 50 per cent stake in the Sunrise oilsands project in northern Alberta to Cenovus Energy Inc. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The facility began operating in 2015. The acquisition is expected to be immediately accretive to adjusted funds flow and cash from operating activities. Amanda Stephenson, Canadian Press reporter, Audience Relations, CBC P.O. Although Cenovus believes that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Red Deer, AB We use cold heavy oil production with sand (called CHOPS) and Enhanced Oil Recovery (EOR) production technologies in our heavy oil operations in Alberta and Saskatchewan. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. See here for a complete list of exchanges and delays. Sunrise is about 60 kilometres northeast of Fort McMurray, Alberta and its reservoir sits roughly 200 metres below the surface. Location: North of Fort McMurray, Alberta, Canada, Category: Workforce Housing & Camp Services. The expansion projects are currently in the approval and feed stage. ATCO | Profile: Husky Sunrise Lodge Operations Steam-assisted gravity drainage or SAGD (pronounced sag-DEE) is a relatively new technology that was developed in Alberta in the 1970s and commercialized in the 1990s to access oil sands deposits that are too deep to mine. Nous sommes dsols pour la gne occasionne. SAGD uses advanced horizontal drilling techniques, combined with steam injection technology, to access oil sands reservoirs that can be hundreds of metres deep. #1005720 4th Street SE Cenovus Energy to control entire Sunrise project after BP deal. Camp Locations. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Advisory 664. "Further, (Cenovus') disposition of its Bay du Nord interest removes an undeveloped asset that may have future capital requirements.". Si continas recibiendo este mensaje, infrmanos del problema FAQ. Share Pin Cenovus' SAGD (Steam Assisted Gravity Drainage) process. Cenovus Energy acquires BP's 50% stake in Sunrise oilsands project | CBC News Loaded. bp reshapes Canada portfolio for strong future growth After decades of heavy use, the Cenovus (formerly Husky) Sunrise Camps worker residences needed a full renovation. Cenovus currently operates Sunrise and owns 50% of the asset through the Sunrise Oil Sands Partnership, with bp. Please enable Cookies and reload the page. The transaction has an effective date of May 1, 2022 and is anticipated to close in the third quarter of this year, subject to closing conditions and normal purchase price adjustments. ASSUMED FULL OWNERSHIP IN MAY 2022. BNN Bloomberg's David George-Cosh reports. to let us know you're having trouble. Cenovus Jobs (with Salaries) 2023 | Indeed.com Canada If a picture is worth a thousand words, then a virtual reality experience is an entire dictionary! Sunrise is about 60 kilometres northeast of Fort McMurray, Alberta and its reservoir sits roughly 200 metres below the surface. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail It also gets Cenovus out of the Bay du Nord project, which was also part of the company's acquisition of Husky. Reporting to the Senior . Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the companys preferred shares are listed on the Toronto Stock Exchange. Cenovus lays out its plan for the oil sands through 2026 Does the hype around generative AI reflect its technology progress? REUTERS/Kacper Pempel. Sunrise | Oil Sands Magazine Cenovuss corporate guidance dated April 26, 2022 does not reflect this acquisition. Cenovus Energy Inc. CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. . Office hours: Camp Rising Sun (Connecticut) - Wikipedia "Acquiring the remaining working interest in Sunrise enables us to fully benefit from the significant optimization opportunities available," said Cenovus chief executive Alex Pourbaix in the release. Cenovus Employee Reviews about "camp" Updated Apr 26, 2021. . CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Calgary, AB BP Plc sold out of Canada's oil sands, divesting its stake in the Sunrise project to Cenovus Energy Inc. while acquiring offshore exploration from the same company in the east of the country. Phone: (403) 255-5521 Fax: (403) 259-4004 Cenovus (Husky) Sunrise Camp October 14, 2021 Projects A more comfortable experience for camp workers. Benefits. Were a Canadian-based integrated energy company headquartered in Calgary. Today, Christina Lake is the largest and most efficient SAGD project in the industry. We currently have three producing SAGD projects in the oil sands Christina Lake, Foster Creek and Sunrise as well as 11SAGD sites in our Lloydminster thermal operations. message, please email Contact us today and a CAMP representative will help answer your questions. T2H 1K7, #2 7895 49th Avenue scusiamo se questo pu causarti degli inconvenienti. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the companys preferred shares are listed on the Toronto Stock Exchange. para nos informar sobre o problema. Outdoor Locations. Wir entschuldigen uns fr die Umstnde. The acquisition is expected to be . 62. Home of the "42 Day Weight Loss Challenge," our program consists of group training with dynamic interval workouts, nutrition and supplement plans and highly qualified trainers. Camp Rising Sun (New York) - Wikipedia Delivered to your inbox every weekend: Cenovus lays out its plan for the oil sands through 2026, Three takeaways from Cenovuss third quarter update, Mid-year update Part 4: In-situ operators adjust full-year guidance, Alberta's oil patch gets a little more Canadian, as BP exits the oil sands, Cenovus boosts Lloyd thermal output to new record highs, Cenovus remains focused on debt reduction, as it absorbs Husky Energy assets, Operating losses, job cuts and lower spending: An update from five major oil sands producers, Husky cuts capex budget in half, and presses pause on heavy thermal expansions, In-situ bitumen production ends 2019 at a fresh record high, Husky trims capital spending plans, and remains focused on boosting output outside of Alberta, Husky reports a drop in production, blamed on a busy maintenance season and Alberta's curtailment program, Husky breaks production records in 2018, but remains gloomy on prospects for this year, Husky slashes 2019 spending plans, and blames the Alberta government, Husky's plan to boost heavy oil production while reducing exposure to heavy oil discount, Husky reports rising production and higher operating costs out of its thermal portfolio, Husky boosts capital spending but production stalls, at least in the short term, Husky reports a strong Q3 as thermal output continues to grow, Ramp-up continues at Husky's Sunrise SAGD facility, Husky charts a path to growth in Western Canada, Husky doubles-down on thermal as losses mount for the year, Husky reports another quarterly loss and raises more cash, Husky prepared to balance books at $30 oil, Husky Energy reports a gain in third quarter earnings and profits, SUNRISE THERMAL PROJECT: ANNUAL PERFORMANCE PRESENTATION, SUNRISE THERMAL PROJECT: WELL PAD AMENDMENT, SUNRISE THERMAL PROJECT: AREA 2 AMENDMENT, SUNRISE THERMAL PROJECT: AREA 1 AMENDMENT, SUNRISE THERMAL PROJECT: OTSG RATING INCREASE, SUNRISE THERMAL PROJECT: SRU MODIFICATION. The SAGD facility has a nameplate capacity of 60,000 bbl/day. Weve developed many technology innovations at Foster Creek which have led to improved efficiency and environmental performance at all of our oil sands operations. CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. CANA ReNew led the demolition and upgrade of 200 units spread out over seven wings. In June 2022, bp signed an agreement to sell its interest in the Sunrise oil sands project in Alberta, Canada, to Cenovus and agreed to acquire Cenovus's interest in the Bay du Nord project offshore Newfoundland and Labrador. excuses voor het ongemak. We Would Be Happy to Help. View all newsletters from across the GlobalData Media network. The facility began operating in 2015. Sunrise has been operated by the company since the beginning of 2021, following the Husky Energy transaction, and Cenovus is now in the early stages of applying its oil sands operating model at this asset. Cenovus Camp Jobs in Alberta (with Salaries) 2023 - Indeed estimating@cana.ca. Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The factors or assumptions on which the forward-looking information in this news release are based include, but are not limited to: closing the transaction in a timely manner; Cenovuss success applying advanced operating techniques at Sunrise; Cenovuss ability to realize accretions to adjusted funds flow and cash from operating activities as a result of the acquisition of Sunrise. By applying Cenovuss advanced operating techniques, we expect to increase production at Sunrise while driving down sustaining capital, operating costs and emissions intensity.. updated: may 3, 2023 site map: projects / in-situ / christina lake sources: cenovus christina lake oil sands project golder & associates christina lake phases 1e/f/g: 2010 update aug 2010 cenovus christina lake: location map aug 2012 cenovus christina lake: annual performance presentation jun 2021 regulatory filings - phase e/f/g: . Complete thorough pre-trip and post-trip inspections on heavy equipment. questo messaggio, invia un'email all'indirizzo Photos. The total value of the deal includes C$600 million ($466 million) in cash and a variable payment of C$600 million expiring after two years, the Canadian energy company said. If you continue to see this projects@cana.ca, Submit Bids Cenovus currently operates Sunrise and owns 50% of the asset through the Sunrise Oil Sands Partnership, with bp. Cenovus Energy acquires BP's 50% stake in Sunrise oilsands project - CBC.ca The camp is far from any major centre and CANA carefully planned deliveries. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. real person. British energy giant BP is exiting the Alberta oilsands to focus on offshore oil development instead. Cenovus Energy to control entire Sunrise project after BP deal Field participation detailsThe field is owned by BP and Cenovus Energy. envie um e-mail para "Bay du Nord will add sizable acreage and a discovered resource to our existing portfolio offshore Newfoundland and Labrador.". Cenovus Energy hiring Coordinator, Oil Sands Operations in Sunrise an. Si continas viendo este mensaje, The Sunrise project is 100% owned and operated by Cenovus. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure. Cenovus currently operates Sunrise and owns 50% of the asset through the Sunrise Oil Sands Partnership, with bp. The company plans to update guidance with its second quarter results in July 2022. Internet of Things mentions in company filings of oil & gas industry increased by 22% in Q1 2023, How robust cables and connectors are vital for oil & gas operations, Emergency HF communications equipment in action in the Caribbean, Texaco Q&A: Eddy Devriese talks oil analysis, cost savings and electrification. Our team took the camps accommodation from outdated to stylish and comfortable. Production from Sunrise (Cenovus Energy Inc.)The Sunrise (Cenovus Energy Inc.) oil sands field recovered 62.90% of its total recoverable reserves, with peak production in 2021. Bay du Nord majority-owned by Equinor is Canada's first deepwater oil drilling site, located about 500 kilometres east of St. John's, N.L. The camp, which is staffed by volunteer counselors, does not charge campers to attend. Follow us on social : COPYRIGHT 2023 ATCO LTD. Cenovus "camp" Reviews | Glassdoor Christina Lake | Oil Sands Magazine The project was approved in April, by Environment and Climate Change Minister Steven Guilbeault, though a final investment decision by Equinor and its partners has not yet been made. Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset The transaction involves a cash consideration of $600 . Our 100% owned Christina Lake project is located approximately 150 kilometres southeast of Fort McMurray, Alberta. Cenovus is headquartered in Calgary, Alberta, Canada. enva un correo electrnico a Terms & Conditions. Si vous continuez voir ce Calgary-based Cenovus said it would provide an updated forecast during its second-quarter results next month to reflect the deal, expected to close in the third quarter. los inconvenientes que esto te pueda causar. Cenovus Foster Creek. Fire protection at oil and gas facilities, SLB and Quorum Software launch field development planning solution, Whos saying what? Careers - Cenovus June 13, 2022 06:00 ET | Source: Enter your city, address, or zip code to find workout options in your area! June 13 (Reuters) - Cenovus Energy Inc (CVE.TO) said on Monday it would buy British oil major BP Plc's (BP.L) 50% stake in the Sunrise oil sands project in northern Alberta, as the Canadian energy company strengthens its position in the oil sands industry. About Cenovus EnergyCenovus Energy Inc (Cenovus) is an integrated energy company, which explores for, develops, produces and markets crude oil, natural gas liquids (NGLs) and natural gas. Cenovus Energy - Sunrise Energy Project - Phase 2 - 200,000 BPD Cenovus Energy is planning to develop the second phase of the Sunrise Energy Project, a Steam-Assisted Gravity Drainage (SAGD) oil sands project located in the Athabasca region of northern Alberta, 60 kilometers (km) northeast of Fort McMurray. Phone:(403) 255-5521 projects@cana.ca, Submit Bids We were awarded numerous accolades for safety record and performance over the years of the contract. BP has a 50%. Four expansion projects are associated with the Sunrise (Cenovus Energy Inc.) oil sands field, namely Sunrise Phase 2B (Husky Energy Inc.), Sunrise Phase 1, de-bottleneck 2, Sunrise Phase 1, de-bottleneck 1 and Sunrise Future Phases . Reviews. It has a nameplate capacity of 60,000 bbls/day. Our people enjoy a professional environment where they feel they belong and are empowered to be themselves at work. Our 100% owned and operated Lloydminster thermal facilitiesinclude 12 producing assets using SAGD technology. Take the tour. It is staffed by a volunteer medical staff, including Dr. Joe McNamara, a pediatric oncologist and an associate clinical professor of . Total consideration for the transaction includes $600 million in cash, a variable payment with a maximum cumulative value of $600 milli. We designed and manufactured modular units for an accelerated timeline and completed the finishings on site to provide a high end, permanent facility look and feel.
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