Cenovus Boosts Investments 24% in Oil Sands, Other Projects

SUGAR LAND--December 9, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) announced this week that it plans to invest between $1.2 billion and $1.4 billion in capital projects in 2017, a 24% increase from the current year. About 70% will go toward sustaining the company's oil sands production and the base production at its other operations. Industrial Info is tracking $5.73 billion in active projects involving Cenovus. Within this article: Details on some of the highest-valued Cenovus projects covered in the company's 2017 budget plan, including major expansions at the Christina Lake and Narrows Lake facilities.