Cenovus Palliser Block Disposition

Cenovus Palliser Block Disposition

By Mike Verney
October 1, 2017

On October 18, 2017, Torxen Energy and Schlumberger Production Management entered into a definitive agreement to purchase the Palliser Block assets in Alberta from Cenovus Energy Inc. for cash consideration of $1.3 billion. The assets include Lower Manville Oil and Liquid reservoirs and significant shallow gas production.

800,000 net acres

$1.3 billion

$24,000/Flowing BOE

Cenovus Palliser Block Historical Oil Production


Our strategy to optimize our portfolio by selling non-core assets and using the proceeds to pay down debt is firmly on track.

Brian Ferguson, President and CEO, Cenovus Energy