Tag: Pelican Lake

Cenovus sells Pelican Lake oil sands assets to CNRL for nearly $1 billion

Cenovus also selling Palliser assets in southern Alberta Calgary-based oil sands giants Cenovus Energy Inc. and Canadian Natural resources entered into an agreement for Cenovus to sell its Pelican Lake heavy oil operations as well as other assets in northern Alberta, for $975 million. The properties have combined production of 19,600 BOE/d with the sale expected to […]