Cenovus Energy Inc T.CVE.PR.B

Primary Symbol: T.CVE Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has 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 Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

TSX:CVE - Post by User

Cenovus Energy Inc > CNQ KNOCKS OUT CVE As TOP TMX SHIPPER To 164,000 Bbls/d

<< Previous

Bullboard Posts

Next >>

Comment by ztransforms173on Oct 21, 2024 11:12pm

159 Views

Post# 36276042

RE:CNQ KNOCKS OUT CVE As TOP TMX SHIPPER To 164,000 Bbls/d

- CNQ has 5 SAGD sites producing ~372,000 bbls/d of BITUMEN

CORRECTION:

- CNQ has ONLY 2 SAGD sites:

* Kirby: 80,000 bbls/d

* Jackfish: 120,000 bbls/d {just West of CVE Chistina Lake}

- CNQ has 3 CSS sites:

* Wolf Lake / Primrose: 140,000 bbls/d

* Peace River: 12,500 bbls/d

CYCLIC STEAM STIMULATION (CSS)

A single well is drilled into the oil sands deposit.
High pressure steam is injected into the reservoir to heat the bitumen and reduce its viscosity (1). This steam continues to be injected for several weeks in order to fully saturate the reservoir.
The bitumen is then allowed to soak for several days or weeks in the hot pressurized reservoir (2).
As the reservoir cools, this provides the driving force to bring the oil up to the surface. The flow is then reversed so that the bitumen/water emulsion can be pumped up to the surface. This production phase (3) can last for several weeks.
At the processing plant, water is removed from the bitumen, treated and recycled back into the process. The bitumen is typically diluted with condensate, and sold directly to market.