Cenovus Energy Inc.
No modeled maintenance in the forward windowSAGDCVE
| Operator | Cenovus Energy Inc. |
| Type | SAGD |
| Ticker | CVE |
| ST53 scheme | Sunrise |
| Description | Sunrise is a steam-assisted gravity drainage (SAGD) oil sands project in northeast Alberta producing diluted bitumen. Cenovus acquired full ownership from bp in 2022 and has been applying its oil sands operating model to raise output beyond original nameplate. Source: Cenovus Energy, Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset, 2022-06-13 |
| Status | Operating. |
| Nameplate capacity | Nameplate capacity of 60,000 bbl/d of bitumen at the time of the 2022 acquisition, with Cenovus expecting to achieve it through a multi-year development program. Source: Cenovus Energy, Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset, 2022-06-13 |
| Start-up / phases | not tracked in the public data used here |
| Ownership / JV split | Cenovus Energy Inc. owns 100% and operates Sunrise. Cenovus announced on June 13, 2022 that it had reached an agreement to purchase the remaining 50% of the Sunrise oil sands project from bp for $600 million in cash plus a variable payment and Cenovus's 35% position in the undeveloped Bay du Nord project offshore Newfoundland and Labrador. The transaction had an effective date of May 1, 2022 and was anticipated to close in Q3 2022. Cenovus had operated Sunrise since the beginning of 2021 following the Husky Energy transaction. Source: Cenovus Energy, Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset, 2022-06-13 |
| Product and disposition | Bitumen: flexible disposition, dilbit to market or upgrader feed (economically optimized) Source: Dashboard grade-layer panel (leaf mapping lineage); disposition defaults from annotations/maintenance_disposition_history.md |
| Process / technology | SAGD. Source: Oil Sands Magazine, Cenovus outlines optimization plans for its SAGD assets, 2023-07-27 |
| Froth treatment | not applicable (in-situ / upgrading) |
| Interconnects | not tracked in the public data used here |
| Growth / expansions | Cenovus targets Sunrise output of approximately 70,000 bbl/d by 2028. CONFIRMED by primary corporate disclosure: "production continues to ramp up towards 70,000 bbls/d by 2028"; the first of four new well pads on the east development area began producing in April 2026, with a second pad expected online later in 2026. Source: Cenovus Energy, Cenovus announces first-quarter 2026 results news release, 2026-05-06 APPLIED to the model 2026-09-23 (the editor): the cve_sunrise project leaf is held at 70.0 kb/d flat across all forecast months (Oct 2026-Sep 2027), replacing the declining seasonal baseline. Current output ~68 kb/d (ST53, 2026-07). Cenovus stated in 2022 that applying its operating techniques should increase Sunrise production while driving down sustaining capital, operating costs, and emissions intensity. Source: Cenovus Energy, Cenovus acquiring outstanding 50% interest in Sunrise oil sands asset, 2022-06-13 |
| Company-disclosed maintenance | The turnaround interval at Sunrise was increased from four years to five years, and the next major turnaround is not expected until 2030. Note: secondary-sourced from an earnings-call recap; primary-source confirmation recommended. Source: The Cerbat Gem, Cenovus Energy Q4 earnings call highlights, 2026-02-19 |
| Operating costs | not disclosed in reviewed sources |
Blank "not tracked" cells are facts not present in the public data used here. They are labeled, never estimated. Filing-sourced facts carry their document name and date; where sources disclose multiple bases for one figure, all are shown.
| Series | Feb 2026 | Mar 2026 | Apr 2026 | May 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|---|
| Sunrise (Cenovus) | 76.1 | 65.2 | 74.7 | 83.6 | 80.6 | 86.2 |
| Series | Oct 2026 | Nov 2026 | Dec 2026 | Jan 2027 | Feb 2027 | Mar 2027 |
|---|---|---|---|---|---|---|
| Sunrise (Cenovus) | 70.0 | 70.0 | 70.0 | 70.0 | 70.0 | 70.0 |
Full 26-month table with drill-down lives in the trading dashboard. Blank cells are months AER has not published yet, not zeros.
How to read Sunrise (Cenovus): Choppy seasonal shape; May dip to 50.1 is seasonal. No Sunrise-specific 2027 maintenance stated. Growth modeled at this leaf: Sunrise held at 70.0 kb/d flat across forecast months (replaces the declining seasonal baseline). Source: Cenovus Q1 2026 results news release (2026-05-06): production ramping towards 70,000 bbl/d by 2028. Approved 2026-09-23.
No maintenance events in the current model math for this project.
| Timing | Event | Impact kb/d | Standing | Source |
|---|---|---|---|---|
| Oct 2026 to Dec 2026 (quarter precision) | No turnaround in window (stated) | not stated (null, never estimated) | Guidance sourced | Cenovus Energy Inc., Cenovus announces second-quarter 2026 results (2026-07-29) |
Pattern-indicated entries are indicators only: they carry no volume and never enter model math. Math requires public-confirmed guidance.
Named assumptions: Choppy seasonal shape; May dip to 50.1 is seasonal. No Sunrise-specific 2027 maintenance stated. Growth modeled at this leaf: Sunrise held at 70.0 kb/d flat across forecast months (replaces the declining seasonal baseline). Source: Cenovus Q1 2026 results news release (2026-05-06): production ramping towards 70,000 bbl/d by 2028. Approved 2026-09-23.
Confirmation status: model forecast; maintenance impacts enter the math only from public-confirmed guidance.
In-situ bitumen has flexible disposition (dilbit to market or upgrader feed). In the model, Sunrise output is unchanged by upgrader outages and any upgrader-bound share is assumed diverted to dilbit, so its 70.0 kb/d 12-month forecast average is a steady contributor to marketable dilbit across the tradable window.
Basis: model-derived from the dashboard series above; no external view is added.
No weekly edition to date mentions this asset by name.
Sunrise (Cenovus)
Source: AER ST53, commercial scheme mapping (repo annotations/projects.yaml)
Vintage: AER ST53 actuals through 2026-07, pulled 2026-09-22; model nowcast (_seasonal_baseline + confirmed maintenance), built 2026-09-23
Method: actuals: ST53 scheme observed, grossed up by 1.27 to ST3 in-situ level (mapped projects cover 79.0%). forecast: _seasonal_baseline (trailing-12m mean x seasonal factor from last 3 complete years).
| Publisher | Dataset | URL | Published | Vintage / coverage | Retrieved |
|---|---|---|---|---|---|
| Alberta Energy Regulator | ST3: Alberta Energy Resource Industries Monthly Statistics | https://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st3 | Monthly | Actuals through 2026-07 (latest file vintage 2026-08-27) | 2026-09-22 |
| Alberta Energy Regulator | ST53: In-situ project data (BITUMEN sheet) | https://www.aer.ca/data-and-performance/data-and-publications/statistical-reports/st53 | Monthly | Actuals through 2026-07 | 2026-09-22 |
| Alberta Energy Regulator | ST39: Mine and upgrader facility data | URL not recorded in repo | Monthly | Actuals through 2026-05 | 2026-09-22 |
| Canada Energy Regulator | Pipeline throughput, capacity and apportionment (open data) | https://www.cer-rec.gc.ca/open/energy/throughput-capacity/ | Monthly, ~3-month lag | Jan 2018 to Jun 2026 | 2026-09-22 |
| Company disclosures | Quarterlies, budget releases, investor presentations, earnings calls | URLs per record in annotations/maintenance_forward.yaml | As published | Forward maintenance calendar window 2026-10-01 to 2027-09-30, compiled 2026-09-22 | 2026-09-22 |
| Heavy Reading model | WCSB S&D dashboard build (21 granular leaves, grade layer, maintenance math) | No public URL (repo build) | Per build | Forecast built 2026-09-22; Aug-Sep 2026 nowcast built 2026-09-23 | 2026-09-23 |
Every number on this page traces to a row above. Anything missing its own source line is flagged in place; nothing ships with an unsourced number.
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