April 25, 2012 / 3:35 PM / 8 years ago

Cenovus extends search for Telephone Lake partner

CALGARY, Alberta, April 25 (Reuters) - Cenovus Energy Inc said on Wednesday it is still searching for a joint-venture partner for its planned Telephone Lake oil sands project in northern Alberta.

Brian Ferguson, the company’s chief executive, said on a conference call that current market conditions, in which oil sands crudes are selling at a significant discount to North American benchmark prices, has made the search for a partner more difficult.

He added that the company is not in a rush to complete a transaction.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below