CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,
“Cenovus will deliver important milestones on our major growth projects in 2025, including achieving first oil from Narrows Lake, installation of the West White Rose offshore facilities and commencement of drilling, and preparations for first steam at the Foster Creek optimization project,” said Jon McKenzie, Cenovus President & Chief Executive Officer. “We’re entering the final year of a three-year investment cycle, which will drive planned production growth of 150,000 BOE/d by the end of 2028 and enable significant expansion of free funds flow. We will continue to be focused on controlling costs, improving the profitability of our strategic downstream business and optimizing our advantaged portfolio to deliver value for our shareholders.” Read More
