Deal Insight
Cenovus and BP swap oil sands and offshore Canada assets
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oil sands consolidation continues with Cenovus announcing the purchase of BP's 50% working interest in the Sunrise project. The acquisition gives Cenovus complete control over the asset and will allow it to fully implement its operating model to improve the performance of the project on a production, cost and emissions intensity basis. For BP, a long-expected exit from the oil sands is now nearly complete.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides:
- Risks:
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Sunrise emissions performance since first productionUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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