DOCSLIB.ORG

In Situ Report Card

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In Situ Report Card Drilling DEEPERTHE IN SITU OIL SANDS REPORT CARD JEREMY MOORHOUSE • MARC HUOT • SIMON DYER March 2010 Oil SANDSFever SERIES Drilling Deeper The In Situ Oil Sands Report Card Jeremy Moorhouse Marc Huot Simon Dyer March 2010 The In Situ Oil Sands Report Card About the Pembina Institute The Pembina Institute The Pembina Institute is a national The Pembina Institute provides policy Box 7558 non-profit think tank that advances research leadership and education on Drayton Valley, Alberta, T7A 1S7 sustainable energy solutions through climate change, energy issues, green Phone: 780-542-6272 research, education, consulting and economics, energy efficiency and advocacy. It promotes environmental, conservation, renewable energy, and E-mail: [email protected] social and economic sustainability in environmental governance. For more the public interest by developing information about the Pembina practical solutions for communities, Institute, visit www.pembina.org or individuals, governments and businesses. contact info @pembina.org. Acknowledgements The Pembina Institute thanks the graciously reviewed and commented William and Flora Hewlett Foundation on the data the Pembina Institute for its support of this work. The had collected for this analysis. Their Pembina Institute would also like to comments and insights improved acknowledge the support of Cenovus, the quality of this report and the Shell and Husky for participating in this Pembina Institute’s understanding process. Each of these companies of in situ operations. ii DRILLING DEEPER: THE IN SITU OIL SANDS REPORT CARD The Pembina Institute The In Situ Oil Sands Report Card About the Authors Jeremy Moorhouse of Alberta, and a Master of Arts in Technical Analyst natural sciences Jeremy is a Technical Analyst with the from Cambridge Pembina Institute’s Corporate University. Simon is Consulting team. He provides technical the co-author of analysis for life cycle value assessments Death by a for decision-making. Thousand Cuts: Jeremy’s other projects Impacts of include conducting In Situ Oil Sands research into practices Development on and strategies for Alberta’s Boreal sustainability and Forest and Haste evaluating the Makes Waste: The Need for a New Oil performance of current Sands Tenure Regime. and proposed oil sands projects. Assessing and evaluating emerging Marc Huot technologies is also a Policy Analyst key focus of Jeremy’s work. His technical background Marc Huot is a Policy Analyst with the includes experimental mining Pembina Institute’s Oil Sands Program. equipment design and production, as Marc is involved with researching and well as experimental data analysis. He reviewing environmental impacts has experience and knowledge in energy associated with systems, water management and solid- oil sands waste management. Jeremy holds a development. bachelor’s degree in mechanical His technical engineering from McGill University. background includes Simon Dyer knowledge of renewable Oil Sands Program Director energy, life cycle Simon Dyer is a registered professional assessment biologist and has worked on land use methodology issues in western Canada since 1999. and energy Simon represented the Pembina systems. Marc holds a Bachelor of Institute on the Sustainable Ecosystems Science and a Master of Science in Working Group of the Cumulative mechanical engineering from the Environmental Management University of Alberta. Association (CEMA). Simon holds a Master of Science in environmental biology and ecology from the University The Pembina Institute DRILLING DEEPER: THE IN SITU OIL SANDS REPORT CARD iii The In Situ Oil Sands Report Card Drilling Deeper: The In Situ Oil Sands Report Card March 2010 The Pembina Institute Editor: Roland Lines Box 7558 Layout: J&W Communications Inc Drayton Valley, Alberta Cover Photo: T7A 1S7 Canada Courtesy of Husky Energy Phone: 780-542-6272 Cover Photo / Inset: E-mail: [email protected] David Dodge, The Pembina Institute Additional copies of this publication ©2010 The Pembina Institute may be downloaded from our website, www.oilsandswatch.org. iv DRILLING DEEPER: THE IN SITU OIL SANDS REPORT CARD The Pembina Institute The In Situ Oil Sands Report Card Table of Contents Executive Summary .................................................................................................. ix Introduction .............................................................................................................. 1 Project Scope .......................................................................................................... 3 Data Collection ...................................................................................................... 4 Performance Criteria .............................................................................................. 4 Cogeneration ........................................................................................................ 14 Scoring ................................................................................................................. 15 Limitations ........................................................................................................... 16 About In Situ Production ....................................................................................... 17 Alberta’s Oil Sands ................................................................................................ 17 In Situ Production Technologies .......................................................................... 17 Mining ................................................................................................................. 19 SURVEY RESULTS ................................................................................................. 20 General Environmental Management .................................................................... 21 1. Continuous Improvement ................................................................................ 22 2. Third-Party Validation ..................................................................................... 23 3. Public Data Reporting ..................................................................................... 24 4. Regulatory Compliance .................................................................................... 26 Land ......................................................................................................................... 29 5. Footprint .......................................................................................................... 30 6. Conservation Offsets ........................................................................................ 32 7. Caribou Habitat ............................................................................................... 34 8. Conservation Planning ..................................................................................... 35 9. Biodiversity Monitoring ................................................................................... 37 Air Emissions ........................................................................................................... 39 10. Nitrogen Oxides Emissions ............................................................................ 40 11. Sulphur Dioxide Emissions ............................................................................ 42 12. Reduction Targets ........................................................................................... 44 The Pembina Institute DRILLING DEEPER: THE IN SITU OIL SANDS REPORT CARD v The In Situ Oil Sands Report Card TABLE OF CONTENTS Water .........................................................................................................................45 13. Total Water Consumption .............................................................................. 46 14. Freshwater Consumption ............................................................................... 48 15. Liquid Waste .................................................................................................. 50 16. Reduction Targets ........................................................................................... 52 Climate Change ....................................................................................................... 53 17. GHG Emissions ............................................................................................. 54 18. Reduction Targets ........................................................................................... 56 Conclusions ............................................................................................................. 57 Recommendations ................................................................................................... 61 Government ......................................................................................................... 61 Industry ................................................................................................................ 63 Summary of Conclusions and Recommendations ................................................ 66 Appendix: Project Summaries ................................................................................ 69 Canadian Natural Primrose/Wolf Lake ................................................................ 70 Cenovus Christina Lake ....................................................................................... 71 ` Cenovus Foster Creek ..........................................................................................
Load more

Recommended publications
  • Appendix 4-I: Descriptions of the Life Stages and Habitat Requirements For
    APPENDIX 4-I DESCRIPTIONS OF THE LIFE STAGES AND HABITAT REQUIREMENTS FOR FISH AND FISH HABITAT KEY INDICATOR RESOURCES MEG Energy Corp. - i - Fish and Fish Habitat KIRs Christina Lake Regional Project – Phase 3 Appendix 4-I April 2008 TABLE OF CONTENTS SECTION PAGE 1 INTRODUCTION.......................................................................................................1 1.1 ARCTIC GRAYLING........................................................................................................2 1.2 NORTHERN PIKE ...........................................................................................................3 1.3 WALLEYE........................................................................................................................4 1.4 WHITE SUCKER .............................................................................................................6 1.5 BROOK STICKLEBACK..................................................................................................7 1.6 BENTHIC INVERTEBRATES..........................................................................................7 2 REFERENCES..........................................................................................................9 2.1 PERSONAL COMMUNICATIONS ................................................................................11 LIST OF TABLES Table 1 Fish Life Cycle Stages and Habitat Components............................................................1 Volume 4 MEG Energy Corp. - 1 - Fish and Fish Habitat KIRs Christina
    [Show full text]
  • NB4 - Rivers, Creeks and Streams Waterbody Waterbody Detail Season Bait WALL NRPK YLPR LKWH BURB GOLD MNWH L = Bait Allowed Athabasca River Mainstem OPEN APR
    Legend: As examples, ‘3 over 63 cm’ indicates a possession and size limit of ‘3 fish each over 63 cm’ or ‘10 fish’ indicates a possession limit of 10 for that species of any size. An empty cell indicates the species is not likely present at that waterbody; however, if caught the default regulations for the Watershed Unit apply. SHL=Special Harvest Licence, BKTR = Brook Trout, BNTR=Brown Trout, BURB = Burbot, CISC = Cisco, CTTR = Cutthroat Trout, DLVR = Dolly Varden, GOLD = Goldeye, LKTR = Lake Trout, LKWH = Lake Whitefish, MNWH = Mountain Whitefish, NRPK = Northern Pike, RNTR = Rainbow Trout, SAUG = Sauger, TGTR = Tiger Trout, WALL = Walleye, YLPR = Yellow Perch. Regulation changes are highlighted blue. Waterbodies closed to angling are highlighted grey. NB4 - Rivers, Creeks and Streams Waterbody Waterbody Detail Season Bait WALL NRPK YLPR LKWH BURB GOLD MNWH l = Bait allowed Athabasca River Mainstem OPEN APR. 1 to MAY 31 l 0 fish 3 over 63 cm 10 fish 10 fish 5 over 30 cm Mainstem OPEN JUNE 1 to MAR. 31 l 3 over 3 over 63 cm 10 fish 10 fish 5 over 43 cm 30 cm Tributaries except Clearwater and Hangingstone rivers OPEN JUNE 1 to OCT. 31 l 3 over 3 over 63 cm 10 fish 10 fish 10 fish 5 over 43 cm 30 cm Birch Creek Beyond 10 km of Christina Lake OPEN JUNE 1 to OCT. 31 l 0 fish 3 over 63 cm Christina Lake Tributaries and Includes all tributaries and outflows within 10km of OPEN JUNE 1 to OCT. 31 l 0 fish 0 fish 15 fish 10 fish 10 fish Outflows Christina Lake including Jackfish River, Birch, Sunday and Monday Creeks Clearwater River Snye Channel OPEN JUNE 1 to OCT.
    [Show full text]
  • Northwest Territories Territoires Du Nord-Ouest British Columbia
    122° 121° 120° 119° 118° 117° 116° 115° 114° 113° 112° 111° 110° 109° n a Northwest Territories i d i Cr r eighton L. T e 126 erritoires du Nord-Oues Th t M urston L. h t n r a i u d o i Bea F tty L. r Hi l l s e on n 60° M 12 6 a r Bistcho Lake e i 12 h Thabach 4 d a Tsu Tue 196G t m a i 126 x r K'I Tue 196D i C Nare 196A e S )*+,-35 125 Charles M s Andre 123 e w Lake 225 e k Jack h Li Deze 196C f k is a Lake h Point 214 t 125 L a f r i L d e s v F Thebathi 196 n i 1 e B 24 l istcho R a l r 2 y e a a Tthe Jere Gh L Lake 2 2 aili 196B h 13 H . 124 1 C Tsu K'Adhe L s t Snake L. t Tue 196F o St.Agnes L. P 1 121 2 Tultue Lake Hokedhe Tue 196E 3 Conibear L. Collin Cornwall L 0 ll Lake 223 2 Lake 224 a 122 1 w n r o C 119 Robertson L. Colin Lake 121 59° 120 30th Mountains r Bas Caribou e e L 118 v ine i 120 R e v Burstall L. a 119 l Mer S 117 ryweather L. 119 Wood A 118 Buffalo Na Wylie L. m tional b e 116 Up P 118 r per Hay R ark of R iver 212 Canada iv e r Meander 117 5 River Amber Rive 1 Peace r 211 1 Point 222 117 M Wentzel L.
    [Show full text]
  • By Carolyn Campbell, AWA Conservation Specialist Conservation AWA Campbell, by Carolyn I M
    IN SITU TAR SANDS EXTRACTION RISKS CONTA M INATING MASSIVE AQUIFERS By Carolyn Campbell, AWA Conservation Specialist ecent research has revealed significant risks to huge underground freshwater channels Rfrom tar sands activity north of Lac La Biche and Cold Lake. In this region, the bitumen resource is deep enough that underground extraction (in situ) techniques, often involving high-pressure steam, are used instead of surface strip mining. Given that accidental steam blowouts have already occurred in the region, the potential for pollution of Canada’s largest freshwater aquifer is very real. Increased monitoring requirements are necessary now to manage these risks, and new oil sands project approvals in the region should be halted until these risks can be better understood. F Few Albertans are aware of the scale EATURES of this underground freshwater resource, located in a wide swath running 40 km north of Lac La Biche and 30 km north of Cold Lake. This aquifer network is generally 200 to 300 metres below the surface. It consists of thick sand and gravel layers, called the Empress Formation, through which groundwater slowly flows at rates of perhaps a WLA October 2008 • Vol. 16, Vol. October 2008 • WLA hundred metres per year. The aquifer layers sit on shale bedrock valleys that predate the last glacial period. In a 2003 report, Alberta Geological Survey (AGS) presented the most comprehensive information available on the Empress Formation, based on oil and gas well data, water well drilling Key features 200 m below ground from the pre-glacial (pre-Quaternary) period. Yellow data, and a few of its own core samples.
    [Show full text]
  • Public Comments
    Melanie Daneluk From: wallace king [[email protected]] Sent: Sunday, April 05, 2009 12:10 PM To: AENV Environmental Assessment Subject: Proposed Terms of Reference for EnCana FCCL Oil Sands Ltd. Christina Lake In Situ Thermal Project Attachments: Proposed Terms of Reference for EnCana FCCL Oil Sands Ltd.doc; Note to the northern environmental director.doc Director Thank you for the opportunity to submit my concerns. I have sent them in written format via Cdn Post as well. Yours truly, Wallace King Jr P.Geol 10/14/2009 Proposed Terms of Reference for EnCana FCCL Oil Sands Ltd. Christina Lake In-Situ Thermal Project Director Environmental Assessment Northern Region Alberta I have done Pro Bono work in this area for the former Métis Zone One leadership. They are very concerned about the environmental and social impact the concentration of SAGD projects are having on the community of Conklin and the Christina Lake watershed area. I found there were a host of geological features that made this area intriguing and a cause for concern. I will list them below with others, and some short comments. This is followed by written comments on the Proposed Terms of Reference. • The Devonian salt solution edge runs through this area, this created a rollover or flexure zone, and is one of the reasons that the pools are trapped there. • This is an active and presently ongoing geological phenomena • To what extent this collapse has fractured the vertical section is undetermined • The potential impact of this fracturing on the SAGD projects has yet to be documented or seriously considered • The risk of down cutting preglacial channels on the SAGD projects.
    [Show full text]
  • Domestic Fishing Licence Conditions for 2020-2021
    Domestic Fishing Licence Conditions for 2020-2021 This document and the rules within are effective April 1, 2020 The holder of a free-of-charge domestic fishing license can harvest fish for food for themselves and members of their immediate household from eligible waters listed below, using a gill net or rod and reel. Alberta's sportfishing rules (seasons, sizes and bag limits of fish) apply to all waterbodies that are not listed in the Domestic Fishing Licence Conditions (attachment to Domestic Fishing Licence). Fishing with gill nets Gill nets can be lawfully set by licenced users (i.e., First Nations people, Métis harvesters, and researchers). Nets must be visibly marked at each end with a 1 metre stake or spar buoy bearing the applicable licence number. See General and Specific rules for gillnetting below. If the nets are not marked, or the presence of a net seems suspicious (for example, set during a closed season), please call your local Fish and Wildlife Office or Report A Poacher at 1-800-642-3800. Specific rules for gillnetting See list and maps of waterbodies below with specific rules for gillnetting. If a waterbody is not identified on the list below, it is not eligible for gillnetting under the authority of a Domestic Fishing Licence. General rules for gillnetting 1. No gillnetting in waters closed to all fishing. 2. No spring closure unless specified for a lake or river. See table starting on page 3. 3. A single gill net of no more than 95 metres (104 yards) in length of the specified minimum mesh size (not less than or NLT) listed for the lake or river.
    [Show full text]
  • Volume 2, Section 16
    Application for Approval of the BlackGold Expansion Project Volume 2 – Environmental Impact Assessment December 2009 SECTION 16.0 – TRADITIONAL LAND USE AND TRADITIONAL ECOLOGICAL KNOWLEDGE TABLE OF CONTENTS PAGE 16.0 TRADITIONAL LAND USE AND TRADITIONAL ECOLOGICAL KNOWLEDGE......16-1 16.1 Introduction.......................................................................................................16-1 16.2 Study Area........................................................................................................16-1 16.2.1 Geographic Boundaries ...................................................................16-1 16.2.2 Temporal Boundaries.......................................................................16-3 16.3 Issues and Assessment Criteria.......................................................................16-5 16.4 Methods............................................................................................................16-5 16.4.1 Data Collection Methods..................................................................16-5 16.5 Existing Conditions...........................................................................................16-9 16.5.1 Beaver Lake Cree First Nation.......................................................16-10 16.5.2 Chipewyan Prairie Dene First Nation.............................................16-11 16.5.3 Heart Lake First Nation ..................................................................16-12 16.5.4 Fort McMurray First Nation #468 ...................................................16-14
    [Show full text]
  • Education for Reconciliation Métis Professional Learning
    Credits Copyright Notice Cover: www.raremaps.com/gallery/detail/44644/ No part of the content of this document may Nouvelle_Carte_du_Territoire_de_LOregon_dresses be reproduced in any form or by any means, s_le_RP_De_Smet_de_la/De%20Smet.html including electronic storage, reproduction, Publish date 1846 execution, or transmission without the prior written permission of Métis Nation British Columbia. Graphic Design: Kim Vizi-Carmen, a Métis woman Every effort has been made to trace the source of and owner of Pinerock Ridge Graphic Art & Design. copyright material contained in this learning resource. The publisher will appreciate any additional infor- Funding for the Métis Learner Series was provided mation regarding rights and will rectify any errors or by Indigenous and Northern Affairs Canada. omissions in future editions. A PDF version of this document is available on the Métis Nation British Columbia website at: www.mnbc.ca/education Contact Information: We acknowledge the financial support of the Métis Nation British Columbia Province of British Columbia Suite #103-5668 192nd St. through the Ministry of Education. Surrey, BC V3S 2V7 Toll free: 1-800-940-1150 Phone: 604-557-5851 www.mnbc.ca Education For Reconciliation: Métis Professional Learning 3 ACKNOWLEDGEMENTS t has long been said that there needs to be a “Metis 101” in British Columbia. For those of us that work on ́ behalf of our Nation, we are immersed in “Metis”. We know it, we live it every day. We are often taken aback ́ when someone asks us questions like “Do you consider yourself Indigenous?” or “Which one of your parents is First Nations?” Developing a Métis specific learning resource for professional Idevelopment for the people of British Columbia was a collective For those of us that work on effort.
    [Show full text]
  • Christina Lake (FCCL) Oil Sands
    GEOWEB® PROCESS POND SLOPE COVER OWNER: Foster Creek Christina Lake (FCCL) Oil Sands ENGINEER: Vista—IMV JV Corporation INSTALLATION CONTRACTOR: Browns Bobcat Service MATERIAL SUPPLIER: Layfield Group, Edmonton AB, Canada CHRISTINA LAKE Conklin, Alberta, Canada PROTECTION OF 3H:1V OIL SANDS PROCESS POND SLOPES. Site contractor overcomes construction and weather challenges to install cost-effective 3D GEOWEB slope cover over a 21,000 cubic meter capacity process pond. PROJECT BACKGROUND An original slope protection system planned for 3H:1V process pond slopes was designed as an emulsified asphalt layer over 300 mm (12 in) of 50 mm (2 in) minus sandy gravel over Tensar BX 1100 geogrid. However, the design was considered technically questionable and expensive by the client, so Cenovus and their Engineer - Vista - IMV JV Corporation sought alternatives. Consequently, Canadian geosynthetics supplier Layfield Group, Edmonton, Alberta was contacted to assess the feasibility of utilizing the 3D GEOWEB system manufactured by Presto Geosystems as an alternate cover solution. Construction was targeted for the Winter in 2011 which posed some material and construction challenges. The temperatures during this timeframe typically range from -20 C to -30 degrees C. GEOWEB® PROCESS POND SLOPE COVER Pond Slope Details Maximum Slope Angle: 18.5 degrees (3H:1V) Maximum Slope Length: 16.7 m (55 ft) GEOWEB 3D System Slope Vertical Height: 5.3 m (17.4 ft) with Aggregate infill The GEOWEB 3D COVER SYSTEM PROJECT RESULTS The project engineer for Vista-IMV provided Layfield with a completed evaluation and full set of drawings for the original The GEOWEB material was delivered to the site in January, geogrid design.
    [Show full text]
  • Crude Oil Commodity Map (Effective February 1, 2021)
    Crude Oil Commodity Map (Effective February 1, 2021) Heavy Light Condensate Sweet Sour Heavy Dilbit Synbit Low Cracked Other Synthetic Resid PSY CRW MSW MSB PCH KDB6 SYB OSH OCC SSS PAS OSN UHC SLE2 WCB MKH AVB PBS FRB6 UHL SHE3 F AWB PXB SYN Pool Name 1 UHM SO4 BHB SHB OSA New Pool – Effective May 2014 ISB CHV CDB SMA SSP Existing Pool 1 WH CNX CHY Segregated Commodity – CNS LSB LLB Managed through Enbridge Mainline PDH facilities as separate from other LSB commodities and commingled as per 5 LLK HSC SH Table 5 MJT Spot Commodity – SC SHD Demonstrates intermittent receipt HSB disposition M BCH WDB7 SSX 1SYN (Synthetic Sweet Blend) is the pool name (transport commodity) UOM BR AMH effective May 1st, 2014. SSP (Syncrude Sweet Premium) is a receipt NSA commodity name that will replace the former SYN (Syncrude) as the receipt CHT OSC CL commodity. OSD WCS CBT Formerly transported as SLE2 : CAL, PLS, GLS, MLN, KLE, PLO, GLE, BSO AHS Formerly transported as SHE3 : MGS, KHE, PHO, SPR, RSO, GHE Formerly transported as SO : MBL Note: The commodity map contains the most current list of active WHB 4 Formerly transported as LSB : MML, SES, MLS, MCG commodities. There may be other commodities outside of spot 5 UVM KDB, FRB : Mined bitumen with Paraffinic Froth Treatment, CRW spec diluent commodities that are approved but have not moved. 6 WDB : Formerly transported as LCB, SDB, HDB CBH 7 CHS 1 Crude Oil Commodity Map Crude Oil Commodity Management Reference Definitions Pool: An aggregate of specific receipt commodities.
    [Show full text]
  • Prepared For: Prepared By
    NOVA Gas Transmission Ltd. Environmental and Socio-Economic Assessment Liege Lateral Loop 2 – Thornbury Section Pipeline and September 2014 / 496955/492475 the Leismer East Compressor Station Project APPENDIX 10 TRADITIONAL KNOWLEDGE REPORT Page A10-1 TRADITIONAL KNOWLEDGE REPORT FOR THE PROPOSED LIEGE LATERAL LOOP 2 – THORNBURY SECTION PIPELINE AND THE LEISMER EAST COMPRESSOR STATION PROJECT FOR THE COMMUNITIES OF: BEAVER LAKE CREE NATION BIGSTONE CREE NATION CHIPEWYAN PRAIRIE DENE FIRST NATION CHRISTINA RIVER DENE NATION COUNCIL CONKLIN MÉTIS LOCAL No. 193 FORT MCMURRAY FIRST NATION No. 468 FORT MCMURRAY MÉTIS LOCAL No. 1935 FORT MCMURRAY MÉTIS LOCAL No. 2020 HEART LAKE FIRST NATION LAKELAND MÉTIS LOCAL No. 1909 MÉTIS NATION OF ALBERTA MÉTIS NATION OF ALBERTA ZONE 1 OWL RIVER MÉTIS LOCAL No. 1949 SADDLE LAKE CREE NATION WILLOW LAKE MÉTIS LOCAL No. 780 September 2014 496955/492475 THE CONFIDENTIALITY OF THE LOCATION AND NATURE OF USE OF ALL SITES HAS BEEN PRESERVED THROUGHOUT THIS REPORT Prepared for: Prepared by: NOVA Gas Transmission Ltd. CH2M HILL Energy Canada, Ltd. A Wholly Owned Subsidiary of TransCanada PipeLines Limited Suite 1100, 815 - 8th Avenue S.W. Calgary, Alberta T2P 3P2 Calgary, Alberta Ph: 403-265-2885 NOVA Gas Transmission Ltd. Traditional Knowledge Report Liege Lateral Loop 2 – Thornbury Section Pipeline and September 2014 / 496955/492475 the Leismer East Compressor Station Project EXECUTIVE SUMMARY NOVA Gas Transmission Ltd. (NGTL), a wholly owned subsidiary of TransCanada PipeLines Limited is proposing to construct and operate the Liege Lateral Loop 2 – Thornbury Section Pipeline and the Leismer East Compressor Station (the Project). The Project will be part of the NGTL System, a network of 24,400 km of pipeline that transports natural gas for use within Alberta and British Columbia and for delivery to other markets across North America.
    [Show full text]
  • 2019 Investor Day
    2019 Investor Day October 2, 2019 Cenovus at a glance TSX, NYSE | CVE Enterprise value $22 billion Telephone Lake 2019F production Oil Sands 353 Mbbls/d Narrows Lake Elmworth-Wapiti Deep Basin 99 MBOE/d Christina Lake Marten Hills Foster Creek 2018 proved & probable 7.0 BBOE Bruderheim reserves Kaybob-Edson Reserve life index 39 years Clearwater Refining capacity 241 Mbbls/d net Note: Values are approximate. Enterprise value as at June 30, 2019. Forecasted production based on the midpoint of October 1, 2019 guidance, which includes the expected impacts of mandatory curtailments. Reserve life index based on 2018 proved plus probable reserves and 2018 production before royalties. Refining capacity represents net capacity to Cenovus. 1 More Canadian barrels are in the world’s best interest Opportunity for high ESG-ranked Canadian barrels to displace lower ESG-ranked barrels Aggregated ESG scores and reserves of selected oil producing nations Aggregated ESG score Bbbls 100 400 75 300 50 200 25 100 0 0 ESG score Total proved reserves at Dec 31, 2017 Note: * Complete aggregated ESG data unavailable for Iraq. Sources: ESG Scores – aggregation using an equal weighting (1/3) for each of Yale Environmental Performance Index, Social Progress Index and World Bank Governance Index. Reserves - BP Statistical Review of World Energy 2019 based on government and published data. 2 1 Why Cenovus Best-in-class Sustainability Financial & Capital assets Discipline • Top tier SAGD assets • Safe and reliable operations • Strong balance sheet • Track record of execution • Responsible development • Returns-focused capital allocation • Extensive economic resource • Strong stakeholder relations • Modest pace of production growth inventory • Leading ESG performance • Resilient and free funds flow • Integrated portfolio enhances • Culture of innovation and through the cycle margins and reduces volatility continuous improvement Sustainably growing shareholder returns Note: See Commodity Price Assumptions.
    [Show full text]