Midstream - Rail & Trucks | Contract Awarded
Cenovus Signs 100,000 Bbls/d Rail Transport Deal
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Cenovus Energy has signed three-year deals with major rail companies to transport approximately 100,000 barrels per day (bbls/d) of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast.
The agreements involve moving oil with CN from Cenovus’s Bruderheim Energy Terminal starting in the fourth quarter of 2018, and with CP through USD Partners’ terminal in Hardisty, Alberta starting in the second quarter of next year, both ramping up through 2019.
Cenovus continues discussions about expanding the oil-by-rail agreements to move additional volumes if the terms are favourable.
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