Cenovus Energy sells Tucker Lake for $800M
Cenovus announces sale of Tucker asset for $800 million


Cenovus Energy sells Tucker Lake for $800M

Cenovus Energy set a capital spending budget of $2.6 to $3.0 billion next year, about half of which will be spent on its oil sands assets. The 2022 budget is about $300 million higher than this year’s forecast.

Cenovus capturing upwards of 10,000 tonnes of carbon dioxide (CO2) per year at our Pikes Peak South thermal project near Lloydminster, SK to help reduce greenhouse gas (GHG) emissions.

Through its Caribou Habitat Restoration Project, Cenovus aims to restore more land within caribou ranges than is disturbed by the company’s activities.

Cenovus has been piloting solvent co-injection technologies that have the potential to reduce the greenhouse gas (GHG) emissions of Cenovus oil sands operations.
