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Cenovus Energy has shut down a number of its producing conventional operations and de-activated processing plants as a safety precaution in parts of northern Alberta threatened by wildfires.
The company noted in an update on May 8, it isn’t aware of any significant damage to date and will resume operations as soon as it’s safe and permitted to do so.
Cenovus kicked off precautionary measures on May 4, two days before the Government of Alberta declared a state of emergency. Several communities in the north-central region remain under evacuation orders.
Approximately 85,000 barrels of oil equivalent per day (boe/d) of production, primarily dry gas, has been impacted in the company’s Rainbow Lake, Kaybob-Edson, Elmworth-Wapiti and Clearwater operating areas.
The overall wildfire situation is being closely monitored and the company’s other assets, including its oil sands assets and Lloydminster complex, have not been impacted, said the update.
A partial fire ban by the RM of Wilton was still in effect earlier this week.
Cenovus’s annual guidance range for 2023 is between 790,000 boe/d and 810,000 boe/d.
The company is maintaining that guidance range and will continue to assess the duration of the production impact from the fires.
Cenovus says it is grateful for the efforts of its teams who have worked tirelessly to keep the company’s people and assets safe, as well as the support of provincial emergency management teams and firefighters to keep our communities safe.
