Cenovus Energy restores full production at Christina Lake

Rhea-AI Summary

Cenovus Energy (CVE) has successfully restored full production at its Christina Lake oil sands facility following temporary disruptions due to wildfire activity in Alberta. Operations resumed on June 3, 2025, with production gradually ramping up over the following week. Site inspections confirmed no damage to Cenovus infrastructure. The company maintains vigilant monitoring of Alberta's wildfire situation, prioritizing the safety of personnel and assets. Cenovus acknowledged the dedication of its teams and emergency management personnel in protecting company assets and local communities.

Positive

• Full production restored at Christina Lake oil sands asset
• No damage reported to company infrastructure
• Swift operational recovery with production restart within a week

Negative

• Production disruption due to wildfire activity
• Ongoing wildfire risks in Alberta region

CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

Site inspections confirmed there was no damage to Cenovus infrastructure. The company continues to closely monitor the overall wildfire situation in Alberta, with a focus on the safety of its people and assets. It appreciates the continued efforts of its teams who are working to keep the company’s people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe.

Cenovus Energy Inc.
Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

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FAQ

When did Cenovus Energy (CVE) resume operations at Christina Lake after the wildfire?

Cenovus Energy resumed operations at Christina Lake on June 3, 2025, with production ramping up over the course of the week.

Was there any damage to Cenovus Energy's Christina Lake infrastructure from the wildfires?

No, site inspections confirmed there was no damage to Cenovus infrastructure at Christina Lake.

How long did it take Cenovus Energy to restore full production at Christina Lake?

Cenovus Energy took approximately one week to ramp up to full production, starting from June 3, 2025.

What measures is Cenovus Energy taking regarding the Alberta wildfires?

Cenovus Energy continues to closely monitor the wildfire situation in Alberta, focusing on the safety of its people and assets while working with emergency management teams.