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HomeNewsCenovus plans to increase Lloydminster refining capacity in 2023

Cenovus plans to increase Lloydminster refining capacity in 2023

Cenovus Energy aims to raise capacity at the Lloydminster refinery by eight per cent for an output increase of some 31,500 barrels-per-day. This as it invests optimization dollars to remove bottlenecks in the production output at the Border City plant.

The energy firm has some $4 to 4.5 billion earmarked for thermal optimization efforts in Lloydminster and Foster Creek.

Its budget numbers reveal that production guidance for Lloydminster thermal projects is between 105,000 to 115,000 barrels-per-day.

Cenovus is investing between $1.2 to 1.7 billion in optimization and growth capital as it works to integrate the Lloydminster operation with its other assets including Foster Creek.

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