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December 2, 2021

Foster Creek (Cenovus Energy Inc.) Oil Sands Field, Canada

By Carmen

Foster Creek (Cenovus Energy Inc.) is a producing oil sands field located onshore Canada and is operated by Cenovus Energy.

Two expansion projects are associated with the Foster Creek (Cenovus Energy Inc.) oil sands field, namely Foster Creek (Phase J) and Foster Creek Phase H. The expansion projects are currently in the approval and feasibility stage.

Field participation details

The field is owned by Cenovus Energy.


Production from Foster Creek (Cenovus Energy Inc.)

The Foster Creek (Cenovus Energy Inc.) oil sands field recovered 22.21% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 181.24 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,224.42 Mmboe, comprised of 2,224.42 Mmbbl of crude oil & condensate. Foster Creek (Cenovus Energy Inc.) oil sands field reserves accounts 6.46% of total remaining reserves of producing oil sands fields globally.


About Cenovus Energy

Cenovus Energy Inc (Cenovus) is an integrated energy company, which explores for, develops, produces and markets crude oil, natural gas liquids (NGLs) and natural gas. It focuses on the reserves of conventional assets and oil sands in the Athabasca region of northeastern Alberta and British Columbia. The oil sands assets of Cenovus include producing fields such as Foster Creek, Christina Lake, Narrows Lake and other projects under development. The company also has deep basin assets in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. It also conducts marketing and owns interests in refineries such as Wood River in Illinois and Borger in Texas, the US. Cenovus is headquartered in Calgary, Alberta, Canada.

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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