Cenovus's Diversified & Resilient Business Model
DISCIPLINED APPROACH TO CONVENTIONAL DEVELOPMENT
Strategic long-term portfolio with optionality to grow
•
•
Historically underfunded as Cenovus looked to de-lever its
balance sheet.
Short-cycle opportunities that provide ability to adjust to
market conditions.
Diversifying our funds flow and utilizing extensive pipeline
network to market product ex-Alberta.
Constructive long-term view of the North American gas
market.
T93
R11
R7 R4W6 R25
R21
R17
R13
R9 R6
R2W5 R23
R19
R15
and districts
T91
T89
Conventional land base
T87
T85
T83
T81
T79
T77
T75
שות
Edson
RI
R11
R7W4
T92
R12
R10
R8
R6 R4W6
T90
T114
T113
T113
T88
T112
T112
T86
וווד
T84
T110
T110
T82
T109
T109
T80
T108
T108
T78
T107
Rainbow
T107
T76
T106
T106
T74
T105
T105
T72
T73
T71
T104
T104
T70
T103
T103
T68
T69
T67
T65
North
Corridor
R12
R10
R8
R6
R4W6
T66
T64
T63
T62
T61
T60
T59
T58
•
Modestly increasing investment to optimize owned
infrastructure and reduce unit operating costs.
T57
T56
T55
T54
T53
T53
T51
LEGEND
T50
T49
T48
Working Interest (CSE)
T46
T47
T45
T44
2024 Ex-AB egress
220 MMcf/d
>
2027 Ex-AB egress
T42
T43
Asset Area
T40
T41
330 MMcf/d
Clearwater
T38
T39
T37
Edson
T37
Clearwater
T35
North Corridor
T35
T33
T33
Rainbow
T31
T31
T29
R23
R19
R15
R11
R7 R4W6 R28
R24
R20
R16
R12
R23
R4 RIW5 R26
R22
R18 R14W4
Note: See Advisory.
cenovus
ENERGY
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