Daily Oil Bulletin reports on Cenovus Energy's $17.7-billion acquisition of ConocoPhillips’ 50 percent interest in the FCCL Partnership, the companies’ jointly owned oil sands venture operated by Cenovus. Cenovus is also purchasing the majority of ConocoPhillips’ Deep Basin conventional assets in Alberta and British Columbia. This will double Cenovus' production and reserves in Canada. Bennett Jones is a lead legal advisor to Cenovus.
Bennett Jones