HOUSTON, June 2 (Reuters) - Canadian oil producer
Cenovus Energy ( CVE ) declared force majeure on its supply of
Christina Lake Dil-bit heavy crude due to wildfires in the
oil-producing province of Alberta, two trading sources said.
Companies declare force majeure when unexpected
circumstances prevent them from meeting contractual obligations.
Cenovus said on Sunday it evacuated non-essential personnel
from its Christina Lake oil sands site, and has shut in about
238,000 barrels per day of production since Thursday. The
company said it expects a full restart of operations in the near
term.
It was unclear when Cenovus declared force majeure and the
company declined to comment further.
The wildfires have affected more than 344,000 bpd of oil
sands production, or about 7% of the country's overall crude oil
output, according to Reuters calculations.