Cenovus Christina Lake Monthly Production Results

34
Cenovus Christina Lake Monthly Production Results 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 Sep-02 Apr-03 Nov-03 Jun-04 Jan-05 Aug-05 Mar-06 Oct-06 May-07 Dec-07 Jul-08 Feb-09 Sep-09 Apr-10 Nov-10 Jun-11 Jan-12 Aug-12 Mar-13 Oct-13 May-14 Bitumen Production Production Per Well Pair Production Per Well Pair (Industry Average) Average Bitumen Production (B/d) Sources: Peters & Co. Limited and geoSCOUT. Production Per Well Pair (B/d)

Transcript of Cenovus Christina Lake Monthly Production Results

Page 1: Cenovus Christina Lake Monthly Production Results

Cenovus Christina LakeMonthly Production Results

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000Se

p-02

Apr-0

3No

v-03

Jun-

04Ja

n-05

Aug-

05M

ar-0

6Oc

t-06

May

-07

Dec-

07Ju

l-08

Feb-

09Se

p-09

Apr-1

0No

v-10

Jun-

11Ja

n-12

Aug-

12M

ar-1

3Oc

t-13

May

-14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 2: Cenovus Christina Lake Monthly Production Results

Cenovus Christina LakeMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Se

p-02

Apr-0

3

Nov-0

3

Jun-

04

Jan-

05

Aug-

05

Mar

-06

Oct-0

6

May

-07

Dec-

07

Jul-0

8

Feb-

09

Sep-

09

Apr-1

0

Nov-1

0

Jun-

11

Jan-

12

Aug-

12

Mar

-13

Oct-1

3

May

-14

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 3: Cenovus Christina Lake Monthly Production Results

Cenovus Foster CreekMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000No

v-97

Sep-

98Ju

l-99

May

-00

Mar

-01

Jan-

02No

v-02

Sep-

03Ju

l-04

May

-05

Mar

-06

Jan-

07No

v-07

Sep-

08Ju

l-09

May

-10

Mar

-11

Jan-

12No

v-12

Sep-

13Ju

l-14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 4: Cenovus Christina Lake Monthly Production Results

Cenovus Foster CreekMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

Nov-9

7Au

g-98

May

-99

Feb-

00No

v-00

Aug-

01M

ay-0

2Fe

b-03

Nov-0

3Au

g-04

May

-05

Feb-

06No

v-06

Aug-

07M

ay-0

8Fe

b-09

Nov-0

9Au

g-10

May

-11

Feb-

12No

v-12

Aug-

13M

ay-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 5: Cenovus Christina Lake Monthly Production Results

Connacher AlgarMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000Au

g-10

Nov-1

0

Feb-

11

May

-11

Aug-

11

Nov-1

1

Feb-

12

May

-12

Aug-

12

Nov-1

2

Feb-

13

May

-13

Aug-

13

Nov-1

3

Feb-

14

May

-14

Aug-

14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 6: Cenovus Christina Lake Monthly Production Results

Connacher AlgarMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 7: Cenovus Christina Lake Monthly Production Results

Connacher Great Divide Pod OneMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000Se

p-07

Jan-

08M

ay-0

8Se

p-08

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 8: Cenovus Christina Lake Monthly Production Results

Connacher Great Divide Pod OneMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Se

p-07

Jan-

08M

ay-0

8Se

p-08

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 9: Cenovus Christina Lake Monthly Production Results

ConocoPhillips SurmontMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

5,000

10,000

15,000

20,000

25,000

30,000No

v-06

Apr-0

7Se

p-07

Feb-

08Ju

l-08

Dec-

08M

ay-0

9Oc

t-09

Mar

-10

Aug-

10Ja

n-11

Jun-

11No

v-11

Apr-1

2Se

p-12

Feb-

13Ju

l-13

Dec-

13M

ay-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 10: Cenovus Christina Lake Monthly Production Results

ConocoPhillips SurmontMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

Oct-9

7Ju

l-98

Apr-9

9Ja

n-00

Oct-0

0Ju

l-01

Apr-0

2Ja

n-03

Oct-0

3Ju

l-04

Apr-0

5Ja

n-06

Oct-0

6Ju

l-07

Apr-0

8Ja

n-09

Oct-0

9Ju

l-10

Apr-1

1Ja

n-12

Oct-1

2Ju

l-13

Apr-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 11: Cenovus Christina Lake Monthly Production Results

Devon Jackfish – Phase 1Monthly Production Results

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000Se

p-07

Jan-

08M

ay-0

8Se

p-08

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 12: Cenovus Christina Lake Monthly Production Results

Devon Jackfish – Phase 1Monthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Se

p-07

Jan-

08M

ay-0

8Se

p-08

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 13: Cenovus Christina Lake Monthly Production Results

Devon Jackfish – Phase 2 & 3Monthly Production Results

0

200

400

600

800

1,000

1,200

1,400

1,600

0

5,000

10,000

15,000

20,000

25,000

30,000M

ay-1

1Ju

l-11

Sep-

11No

v-11

Jan-

12M

ar-1

2M

ay-1

2Ju

l-12

Sep-

12No

v-12

Jan-

13M

ar-1

3M

ay-1

3Ju

l-13

Sep-

13No

v-13

Jan-

14M

ar-1

4M

ay-1

4Ju

l-14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 14: Cenovus Christina Lake Monthly Production Results

Devon Jackfish – Phase 2 & 3Monthly Steam-Oil-Ratio Results

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0M

ay-1

1

Jul-1

1

Sep-

11

Nov-1

1

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov-1

2

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov-1

3

Jan-

14

Mar

-14

May

-14

Jul-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 15: Cenovus Christina Lake Monthly Production Results

Husky Tucker LakeMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000No

v-06

Apr-0

7Se

p-07

Feb-

08Ju

l-08

Dec-

08M

ay-0

9Oc

t-09

Mar

-10

Aug-

10Ja

n-11

Jun-

11No

v-11

Apr-1

2Se

p-12

Feb-

13Ju

l-13

Dec-

13M

ay-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 16: Cenovus Christina Lake Monthly Production Results

Husky Tucker LakeMonthly Steam-Oil-Ratio Results

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0De

c-06

Apr-0

7Au

g-07

Dec-

07Ap

r-08

Aug-

08De

c-08

Apr-0

9Au

g-09

Dec-

09Ap

r-10

Aug-

10De

c-10

Apr-1

1Au

g-11

Dec-

11Ap

r-12

Aug-

12De

c-12

Apr-1

3Au

g-13

Dec-

13Ap

r-14

Aug-

14

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 17: Cenovus Christina Lake Monthly Production Results

JACOS HangingstoneMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000Ju

n-99

Feb-

00Oc

t-00

Jun-

01Fe

b-02

Oct-0

2Ju

n-03

Feb-

04Oc

t-04

Jun-

05Fe

b-06

Oct-0

6Ju

n-07

Feb-

08Oc

t-08

Jun-

09Fe

b-10

Oct-1

0Ju

n-11

Feb-

12Oc

t-12

Jun-

13Fe

b-14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 18: Cenovus Christina Lake Monthly Production Results

JACOS HangingstoneMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Ju

n-99

Feb-

00Oc

t-00

Jun-

01Fe

b-02

Oct-0

2Ju

n-03

Feb-

04Oc

t-04

Jun-

05Fe

b-06

Oct-0

6Ju

n-07

Feb-

08Oc

t-08

Jun-

09Fe

b-10

Oct-1

0Ju

n-11

Feb-

12Oc

t-12

Jun-

13Fe

b-14

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 19: Cenovus Christina Lake Monthly Production Results

MEG Christina LakeMonthly Production Results

0

200

400

600

800

1,000

1,200

1,400

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000M

ay-0

8Se

p-08

Jan-

09M

ay-0

9Se

p-09

Jan-

10M

ay-1

0Se

p-10

Jan-

11M

ay-1

1Se

p-11

Jan-

12M

ay-1

2Se

p-12

Jan-

13M

ay-1

3Se

p-13

Jan-

14M

ay-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT. The change in production per well pair inQ3/2009 is due to circulating new wells from Phase 2.

Production Per Well Pair (B/d)

Page 20: Cenovus Christina Lake Monthly Production Results

MEG Christina LakeMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0M

ay-0

8

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 21: Cenovus Christina Lake Monthly Production Results

Nexen/CNOOC Long LakeMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000No

v-07

Mar

-08

Jul-0

8No

v-08

Mar

-09

Jul-0

9No

v-09

Mar

-10

Jul-1

0No

v-10

Mar

-11

Jul-1

1No

v-11

Mar

-12

Jul-1

2No

v-12

Mar

-13

Jul-1

3No

v-13

Mar

-14

Jul-1

4

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 22: Cenovus Christina Lake Monthly Production Results

Nexen/CNOOC Long Lake (Commerical Project)Monthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0No

v-07

Mar

-08

Jul-0

8No

v-08

Mar

-09

Jul-0

9No

v-09

Mar

-10

Jul-1

0No

v-10

Mar

-11

Jul-1

1No

v-11

Mar

-12

Jul-1

2No

v-12

Mar

-13

Jul-1

3No

v-13

Mar

-14

Jul-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 23: Cenovus Christina Lake Monthly Production Results

Statoil Leismer (Commercial Demonstration Project)Monthly Production Results

0

100

200

300

400

500

600

700

800

900

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000Se

p-10

Dec-

10

Mar

-11

Jun-

11

Sep-

11

Dec-

11

Mar

-12

Jun-

12

Sep-

12

Dec-

12

Mar

-13

Jun-

13

Sep-

13

Dec-

13

Mar

-14

Jun-

14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 24: Cenovus Christina Lake Monthly Production Results

Statoil Leismer (Commercial Demonstration Project)Monthly Steam-Oil-Ratio Results

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0Se

p-10

Nov-1

0Ja

n-11

Mar

-11

May

-11

Jul-1

1Se

p-11

Nov-1

1Ja

n-12

Mar

-12

May

-12

Jul-1

2Se

p-12

Nov-1

2Ja

n-13

Mar

-13

May

-13

Jul-1

3Se

p-13

Nov-1

3Ja

n-14

Mar

-14

May

-14

Jul-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 25: Cenovus Christina Lake Monthly Production Results

Suncor MacKay RiverMonthly Production Results

0

100

200

300

400

500

600

700

800

900

1,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000No

v-02

Aug-

03

May

-04

Feb-

05

Nov-0

5

Aug-

06

May

-07

Feb-

08

Nov-0

8

Aug-

09

May

-10

Feb-

11

Nov-1

1

Aug-

12

May

-13

Feb-

14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 26: Cenovus Christina Lake Monthly Production Results

Suncor MacKay RiverMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0No

v-02

May

-03

Nov-0

3M

ay-0

4No

v-04

May

-05

Nov-0

5M

ay-0

6No

v-06

May

-07

Nov-0

7M

ay-0

8No

v-08

May

-09

Nov-0

9M

ay-1

0No

v-10

May

-11

Nov-1

1M

ay-1

2No

v-12

May

-13

Nov-1

3M

ay-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 27: Cenovus Christina Lake Monthly Production Results

Suncor FirebagMonthly Production Results

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000Ja

n-04

Aug-

04M

ar-0

5Oc

t-05

May

-06

Dec-

06Ju

l-07

Feb-

08Se

p-08

Apr-0

9No

v-09

Jun-

10Ja

n-11

Aug-

11M

ar-1

2Oc

t-12

May

-13

Dec-

13Ju

l-14

Bitumen ProductionProduction Per Well PairProduction Per Well Pair (Industry Average)

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited and geoSCOUT.

Production Per Well Pair (B/d)

Page 28: Cenovus Christina Lake Monthly Production Results

Suncor FirebagMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0Ja

n-04

Jul-0

4Ja

n-05

Jul-0

5Ja

n-06

Jul-0

6Ja

n-07

Jul-0

7Ja

n-08

Jul-0

8Ja

n-09

Jul-0

9Ja

n-10

Jul-1

0Ja

n-11

Jul-1

1Ja

n-12

Jul-1

2Ja

n-13

Jul-1

3Ja

n-14

Jul-1

4

Cumulative SORInstantaneous SORCumulative SOR (Industry Average)

Steam-Oil-Ratio

Sources: Peters & Co. Limited and geoSCOUT.

Page 29: Cenovus Christina Lake Monthly Production Results

Imperial Oil Cold LakeMonthly Production Results

0

25

50

75

100

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000Ja

n-95

Dec-

95No

v-96

Oct-9

7Se

p-98

Aug-

99Ju

l-00

Jun-

01M

ay-0

2Ap

r-03

Mar

-04

Feb-

05Ja

n-06

Dec-

06No

v-07

Oct-0

8Se

p-09

Aug-

10Ju

l-11

Jun-

12M

ay-1

3Ap

r-14

Bitumen ProductionProduction Per Well Pair

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited estimates and geoSCOUT.

Production Per Well Pair (B/d)

Page 30: Cenovus Christina Lake Monthly Production Results

Imperial Oil Cold LakeMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0Ja

n-95

Jan-

96

Jan-

97

Jan-

98

Jan-

99

Jan-

00

Jan-

01

Jan-

02

Jan-

03

Jan-

04

Jan-

05

Jan-

06

Jan-

07

Jan-

08

Jan-

09

Jan-

10

Jan-

11

Jan-

12

Jan-

13

Jan-

14

Cumulative SORInstantaneous SOR

Steam-Oil-Ratio

Sources: Peters & Co. Limited estimates and geoSCOUT.

Page 31: Cenovus Christina Lake Monthly Production Results

Canadian Natural PrimroseMonthly Production Results

0

40

80

120

160

200

0

30,000

60,000

90,000

120,000

150,000Ja

n-95

Dec-

95No

v-96

Oct-9

7Se

p-98

Aug-

99Ju

l-00

Jun-

01M

ay-0

2Ap

r-03

Mar

-04

Feb-

05Ja

n-06

Dec-

06No

v-07

Oct-0

8Se

p-09

Aug-

10Ju

l-11

Jun-

12M

ay-1

3Ap

r-14

Production Per Well Pair

Bitumen Production

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited estimates and geoSCOUT.

Production Per Well Pair (B/d)

Page 32: Cenovus Christina Lake Monthly Production Results

Canadian Natural PrimroseMonthly Steam-Oil-Ratio Results

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0Ja

n-95

Nov-9

5Se

p-96

Jul-9

7M

ay-9

8M

ar-9

9Ja

n-00

Nov-0

0Se

p-01

Jul-0

2M

ay-0

3M

ar-0

4Ja

n-05

Nov-0

5Se

p-06

Jul-0

7M

ay-0

8M

ar-0

9Ja

n-10

Nov-1

0Se

p-11

Jul-1

2M

ay-1

3M

ar-1

4

Cumulative SOR

Instantaneous SOR

Steam-Oil-Ratio

Sources: Peters & Co. Limited estimates and geoSCOUT.

Page 33: Cenovus Christina Lake Monthly Production Results

Shell Peace RiverMonthly Production Results

0

50

100

150

200

250

300

350

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000Ju

l-96

Jul-9

7

Jul-9

8

Jul-9

9

Jul-0

0

Jul-0

1

Jul-0

2

Jul-0

3

Jul-0

4

Jul-0

5

Jul-0

6

Jul-0

7

Jul-0

8

Jul-0

9

Jul-1

0

Jul-1

1

Jul-1

2

Jul-1

3

Jul-1

4

Bitumen Production

Production Per Well Pair

Average Bitumen Production (B/d)

Sources: Peters & Co. Limited estimates and geoSCOUT.

Production Per Well Pair (B/d)

Page 34: Cenovus Christina Lake Monthly Production Results

Shell Peace RiverMonthly Steam-Oil-Ratio Results

0.0

2.0

4.0

6.0

8.0

10.0

12.0Ju

l-96

Jul-9

7

Jul-9

8

Jul-9

9

Jul-0

0

Jul-0

1

Jul-0

2

Jul-0

3

Jul-0

4

Jul-0

5

Jul-0

6

Jul-0

7

Jul-0

8

Jul-0

9

Jul-1

0

Jul-1

1

Jul-1

2

Jul-1

3

Jul-1

4

Cumulative SOR

Instantaneous SOR

Steam-Oil-Ratio

Sources: Peters & Co. Limited estimates and geoSCOUT.