The approval from the Alberta Energy Resources Conservation Board clears the way for the Canadian company and its 50% partner, US giant ConocoPhillips, to begin groundwork on the initial 45,000 bpd phase in the fall.
“The approval of Narrows Lake is a significant achievement for Cenovus as we move forward with our plan to double the company’s net asset value between 2010 and 2015,” said Cenovus chief executive Brian Ferguson.
The
