Alex Bill's questions to Cenovus Energy Inc (CVE) leadership • Q2 2024
Question
Alex Bill from allNewfoundlandLabrador asked about a potential delay in the SeaRose FPSO's return and questioned reports of potential sales of South Asian assets.
Answer
Executive Keith Chiasson confirmed a slight delay for the SeaRose, with the vessel now expected back on station late Q3 for a production restart in early Q4, attributing it to a slow start on steel replacement that is now progressing well. Executive Jonathan McKenzie dismissed reports of asset sales, stating, "We really like our portfolio today" and the company is focused on execution, not divestitures.