Canadian major Cenovus is targeting first production in early 2026 from its reignited C$4 billion (US$3.1 billion) West White Rose project offshore Newfoundland & Labrador and does not expect costs to escalate despite tightness in the upstream supply chain.

West White Rose was 65% into its construction phase when in March 2020, former operator Husky Energy — later acquired by Cenovus — suspended the Canadian project owing to the Covid-19 pandemic, the oil price crash and the energy transition.