| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc. | ||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | Date Submitted | 2024-05-29 | |||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | Original Submission | |||||||||||||||||||||
Other Subsidiaries Included (optional field) | |||||||||||||||||||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | ||||||||||||||||||||||
| Not Substituted | |||||||||||||||||||||||
| Attestation by Reporting Entity | |||||||||||||||||||||||
| In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |||||||||||||||||||||||
| Full Name of Director or Officer of Reporting Entity | Kam Sandhar | Date | 2024-05-29 | ||||||||||||||||||||
| Position Title | EVP & CFO | ||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Province of Alberta | 763,930,000 | 2,818,420,000 | 31,900,000 | 3,614,250,000 | Amounts reported include payments to the following departments, agencies, etc: - Alberta Boilers Safety Association - Alberta Energy Regulator - Alberta Environment & Parks - Government of Alberta - Alberta Special Areas Board - Alberta Transportation - Alberta Minister of Finance - C-FER Technologies (1999) Inc. - Kananaskis Improvement District | |||||||||||||||||||||||||||||
| Canada | Federal Government of Canada | 1,536,220,000 | 16,290,000 | 570,000 | 1,553,080,000 | Amounts reported include payments to the following departments, agencies, etc: - Receiver General for Canada - Farm Credit Canada - National Research Council Canada - Natural Resources Canada | |||||||||||||||||||||||||||||
| China | Federal Government of China | 234,300,000 | 82,260,000 | 360,000 | 316,920,000 | Amounts reported include payments to the following departments, agencies, etc: - CNOOC China Ltd. - CNOOC Shenzhen Ltd. - Shenzhen Offshore Tax Bureau - Zhanjiang Offshore Oil Tax Bureau - Zhuhai Municiple Tax Bureau Note 5 | |||||||||||||||||||||||||||||
| Canada | Province of Saskatchewan | 46,510,000 | 161,490,000 | 4,160,000 | 212,160,000 | Amounts reported include payments to the following departments, agencies, etc: - Saskatchewan Ministry of Energy & Resources - Saskatchewan Finance Revenue Division - Saskatchewan Ministry of Economy - Saskatchewan Minister of Finance - Technical Safety Authority of Saskatchewan - Water Security Agency | |||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Province of Newfoundland and Labrador | 39,910,000 | 39,910,000 | Amounts reported include payments to the following departments, agencies, etc: - Newfoundland Exchequer Account - Government of Newfoundland and Labrador | |||||||||||||||||||||||||||||||
| Canada | Municipality of Wood Buffalo | 26,370,000 | 26,370,000 | ||||||||||||||||||||||||||||||||
| Canada | Town of Bonnyville | 17,840,000 | 17,840,000 | ||||||||||||||||||||||||||||||||
| Canada | Province of British Columbia | 1,670,000 | 5,220,000 | 550,000 | 7,440,000 | Amounts reported include payments to the following departments, agencies, etc: - BC Energy - BC Minister of Finance - BC Oil & Gas Commission - BC Forests - BC Safety Authority | |||||||||||||||||||||||||||||
| Canada | Rural Municipality of Frenchman Butte | 7,320,000 | 10,000 | 7,330,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Eldon | 6,230,000 | 410,000 | 6,640,000 | |||||||||||||||||||||||||||||||
| Canada | Yellowhead County | 6,250,000 | 6,250,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Grande Prairie | 5,970,000 | 30,000 | 6,000,000 | Amounts reported include payments to the following departments, agencies, etc: - County of Grande Prairie - City of Grande Prairie | ||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Turtle River | 5,490,000 | 50,000 | 5,540,000 | |||||||||||||||||||||||||||||||
| Canada | Municipal District of Greenview | 5,280,000 | 10,000 | 5,290,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Britannia | 5,210,000 | 5,210,000 | ||||||||||||||||||||||||||||||||
| Canada | Mackenzie County | 3,750,000 | 3,750,000 | ||||||||||||||||||||||||||||||||
| Canada | Thunderchild First Nation | 120,000 | 1,710,000 | 1,800,000 | 3,630,000 | Amounts reported include payments to the following departments, agencies, etc: - Thunderchild First Nation - Thunderchild Holdings Inc. | |||||||||||||||||||||||||||||
| Canada | Heart Lake First Nation | 80,000 | 900,000 | 2,400,000 | 3,380,000 | ||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Conklin Metis | 180,000 | 760,000 | 2,400,000 | 3,340,000 | Amounts reported include payments to the following departments, agencies, etc: - Conklin Resource Development - Conklin Community Trust | |||||||||||||||||||||||||||||
| Canada | County of Vermilion River | 3,320,000 | 3,320,000 | ||||||||||||||||||||||||||||||||
| Canada | Cold Lake First Nations | 200,000 | 590,000 | 2,400,000 | 3,190,000 | Amounts reported include payments to the following departments, agencies, etc: - Cold Lake First Nation - Primco Dene Catering Ltd. | |||||||||||||||||||||||||||||
| Canada | Rural Municipality of Mervin | 2,910,000 | 20,000 | 2,930,000 | |||||||||||||||||||||||||||||||
| Canada | Clearwater County | 2,530,000 | 2,530,000 | ||||||||||||||||||||||||||||||||
| Canada | Chipewyan Prairie First Nation | 90,000 | 20,000 | 2,400,000 | 2,510,000 | ||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Paynton | 1,790,000 | 30,000 | 1,820,000 | |||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Wilton | 1,680,000 | 10,000 | 1,690,000 | |||||||||||||||||||||||||||||||
| Canada | Beaver Lake Cree Nation | 80,000 | 300,000 | 1,200,000 | 1,580,000 | Amounts reported include payments to the following departments, agencies, etc: - Beaver Lake Cree Nation - Peace Hills Trust Company | |||||||||||||||||||||||||||||
| Canada | Athabasca Chipewyan First Nation | 1,060,000 | 260,000 | 1,320,000 | Amounts reported include payments to the following departments, agencies, etc: - Athabasca Chipewyan First Nation - ACFN DENE Lands & Resource | ||||||||||||||||||||||||||||||
| Canada | Municipal District of Wainwright | 1,130,000 | 10,000 | 1,140,000 | Amounts reported include payments to the following departments, agencies, etc: - MD of Wainwright - Town of Wainwright | ||||||||||||||||||||||||||||||
| Canada | Municipal District of Brazeau | 1,120,000 | 1,120,000 | ||||||||||||||||||||||||||||||||
| Canada | Chard Metis Nation | 80,000 | 1,000,000 | 1,080,000 | |||||||||||||||||||||||||||||||
| Canada | Municipal District of Provost | 970,000 | 970,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort McKay First Nation | 330,000 | 630,000 | 960,000 | |||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | ||||||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | ||||||||||||||||||||||||||||||||||
| Payments by Payee | |||||||||||||||||||||||||||||||||||
| Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Mikisew Cree First Nation | 700,000 | 250,000 | 950,000 | Amounts reported include payments to the following departments, agencies, etc: - Mikisew Cree First Nation - Deloitte Wealth Management Services | ||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Manitou Lake | 860,000 | 860,000 | ||||||||||||||||||||||||||||||||
| Canada | Municipal District of Opportunity | 640,000 | 20,000 | 660,000 | |||||||||||||||||||||||||||||||
| Canada | Lac La Biche County | 580,000 | 580,000 | ||||||||||||||||||||||||||||||||
| Canada | Rural Municipality of Hillsdale | 540,000 | 540,000 | ||||||||||||||||||||||||||||||||
| Canada | Red Deer County | 520,000 | 520,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort McMurray First Nation | 270,000 | 250,000 | 520,000 | |||||||||||||||||||||||||||||||
| Canada | Lacombe County | 490,000 | 490,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Wetaskiwin | 400,000 | 400,000 | ||||||||||||||||||||||||||||||||
| Canada | Northern Rockies Regional Municipality | 400,000 | 400,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort McKay Metis Nation | 160,000 | 200,000 | 360,000 | |||||||||||||||||||||||||||||||
| Canada | Woodlands County | 330,000 | 330,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Two Hills | 320,000 | 320,000 | ||||||||||||||||||||||||||||||||
| Canada | McMurray Metis Local 1935 | 150,000 | 160,000 | 310,000 | |||||||||||||||||||||||||||||||
| Canada | Moosomin First Nation | 240,000 | 240,000 | ||||||||||||||||||||||||||||||||
| Canada | Town of Placentia | 230,000 | 230,000 | ||||||||||||||||||||||||||||||||
| Canada | County of St Paul | 210,000 | 210,000 | ||||||||||||||||||||||||||||||||
| Canada | Saulteaux First Nation | 200,000 | 200,000 | ||||||||||||||||||||||||||||||||
| Canada | Fort Chipewyan Metis Association | 90,000 | 90,000 | 180,000 | |||||||||||||||||||||||||||||||
| Canada | Town of Rainbow Lake | 150,000 | 150,000 | ||||||||||||||||||||||||||||||||
| Canada | Sunchild First Nation | 140,000 | 140,000 | ||||||||||||||||||||||||||||||||
| Canada | County of Minburn | 120,000 | 120,000 | ||||||||||||||||||||||||||||||||
| Canada | Government of Northwest Territories | 100,000 | 100,000 | ||||||||||||||||||||||||||||||||
Additional Notes3: | (5) Includes payments made in foreign currencies. Where payments have been made in a local currency they have been converted to Canadian dollars using the prevailing exchange rate at the time of payment. The average exchange rates for the period were: - $1 CAD: $0.741 USD - $1 CAD: 5.244 RMB | ||||||||||||||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | Cenovus Energy Inc | Currency of the Report | CAD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E695282 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E543177 FCCL Partnership, E422918 Cenovus TL ULC, E540914 Telephone Lake Partnership, E435615 Cenovus Clearwater Partnership, E859468 Cenovus Elmworth Partnership, E724323 Cenovus Wapiti Partnership, E461880 Cenovus Kaybob Partnership, E722884 Cenovus Edson Partnership, E303227 Marten Hills Partnership, E984040 Cenovus Marten Hills ULC, E035441 Husky Oil Operations Limited, E483488 Husky Oil Limited Partnership, E206499 Husky Energy International Sulphur Corporation, E602104 Husky Energy International, E908878 Husky Oil China Branch of HEIC, E945280 Husky Oil Sands Partnership, E653397 Sunrise Oil Sands Partnership, E747799 Husky Atlantic Partnership, E580100 HOI Resources (2019) ULC, E202648 Husky Offshore 1% Partner ULC | |||||||||||||||||||||||||||||||
| Payments by Project | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | Corporate | 2,299,760,000 | 450,000 | 2,300,210,000 | ||||||||||||||||||||||||||||
| Canada | Christina Lake | 17,140,000 | 1,506,470,000 | 5,840,000 | 2,010,000 | 9,400,000 | 1,540,860,000 | |||||||||||||||||||||||||
| Canada | Foster Creek | 18,290,000 | 1,079,100,000 | 2,350,000 | 590,000 | 2,400,000 | 1,102,730,000 | |||||||||||||||||||||||||
| China | Liwan Gas Project | 234,300,000 | 82,260,000 | 316,560,000 | Note 5 | |||||||||||||||||||||||||||
| Canada | Lloydminster Thermal Projects | 57,470,000 | 141,620,000 | 1,650,000 | 2,140,000 | 1,800,000 | 204,680,000 | |||||||||||||||||||||||||
| Canada | Sunrise | 9,360,000 | 77,180,000 | 3,060,000 | 1,390,000 | 90,990,000 | ||||||||||||||||||||||||||
| Canada | Kaybob-Edson | 7,680,000 | 50,040,000 | 5,550,000 | 63,270,000 | Includes production volume taken in-kind as royalties and are valued at $7,270,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | Conventional Heavy Oil | 26,800,000 | 27,140,000 | 3,710,000 | 57,650,000 | Includes production volume taken in-kind as royalties and are valued at $4,270,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | White Rose Oil Field | 230,000 | 14,900,000 | 40,190,000 | 55,320,000 | |||||||||||||||||||||||||||
| Canada | Clearwater | 10,580,000 | 30,500,000 | 7,770,000 | 140,000 | 48,990,000 | Includes production volume taken in-kind as royalties and are valued at $7,640,000 which is the fair market value based on Cenovus's realized sales price. | |||||||||||||||||||||||||
| Canada | Elmworth-Wapiti | 7,640,000 | 30,440,000 | 8,390,000 | 46,470,000 | Includes production volume taken in-kind as royalties and are valued at $8,760,000 which is the fair market value based on Cenovus's realized sales price. | ||||||||||||||||||||||||||
| Canada | Rainbow Lake Development | 4,330,000 | 34,960,000 | 39,290,000 | Includes production volume taken in-kind as royalties and are valued at $9,590,000 which is the fair market value based on Cenovus's realized sales price. | |||||||||||||||||||||||||||
| Canada | Pelican Lake | 6,340,000 | 6,340,000 | |||||||||||||||||||||||||||||
| Canada | Tucker Thermal Project | 1,340,000 | 640,000 | 1,980,000 | ||||||||||||||||||||||||||||
| Canada | Telephone Lake | 1,200,000 | 430,000 | 1,630,000 | ||||||||||||||||||||||||||||
| Canada | Terra Nova Oil Field | 1,390,000 | 1,390,000 | |||||||||||||||||||||||||||||
| Canada | Narrows Lake | 580,000 | 580,000 | |||||||||||||||||||||||||||||
| China | Block 29/26 | 230,000 | 230,000 | Note 5 | ||||||||||||||||||||||||||||
| China | Block 15/33 | 100,000 | 100,000 | Note 5 | ||||||||||||||||||||||||||||
| China | Block 16/25 | 30,000 | 30,000 | Note 5 | ||||||||||||||||||||||||||||
Additional Notes3: | (5) Includes payments made in foreign currencies. Where payments have been made in a local currency they have been converted to Canadian dollars using the prevailing exchange rate at the time of payment. The average exchange rates for the period were: - $1 CAD: $0.741 USD - $1 CAD: 5.244 RMB | |||||||||||||||||||||||||||||||
