Cenovus Energy Inc is an integrated oil and natural gas company headquartered in Calgary, Alberta.
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In 2017, Cenovus Energy purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
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Cenovus Energy is headquartered in Calgary's Brookfield Place, having completed a move from the neighbouring Bow in 2019.
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Cenovus Energy has four producing projects in the oil sands – Foster Creek, Christina Lake, Sunrise and Tucker.
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In December 2021, Cenovus Energy announced the sale of the Tucker oil sands project to Strathcona Resources.
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Cenovus Energy once held conventional oil and natural gas operations across Alberta and Saskatchewan, including the Weyburn oilfield in Saskatchewan, which is the largest CO2 enhanced oil recovery operation in Canada.
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In May 2017, Cenovus Energy assumed ownership of ConocoPhillips' conventional assets in Alberta and British Columbia.
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Cenovus Energy holds a significant land position in the Marten Hills region for potential development.
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In November 2020, Cenovus Energy announced the sale of the Marten Hills assets to Headwater Exploration Inc.
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Cenovus Energy owns the Lima Refinery in Lima, Ohio, the Superior Refinery in Superior, Wisconsin and the Lloydminster refinery and upgrader in Lloydminster, Alberta.
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Cenovus Energy has 50 percent ownership in two refineries in the United States: the Wood River Refinery and Borger, Texas refinery.
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Cenovus Energy was recognized for its rail safety performance in 2016, and for safe transportation of chemical products in 2017.
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Primary technology Cenovus Energy uses at its Foster Creek and Christina Lake projects is called steam-assisted gravity drainage.
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Cenovus Energy applies different associated technologies to enhance the SAGD process, such as electric submersible pumps at Foster Creek and solvent aided process at Christina Lake.
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In 2013, Cenovus Energy developed its SkyStrat™ drilling rig that allows an exploratory rig to be flown into remote areas by helicopter piece-by-piece, set up to drill a test well, dismantled and airlifted away.
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Cenovus Energy received an Environmental Performance award for the SkyStrat™ program.
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Cenovus Energy is a member of Oil Sands Pathways to Net Zero initiative, an alliance of oil sands companies working collectively with the federal and Alberta governments to achieve net zero greenhouse gas emissions from the companies oil sands operations by 2050.
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