Dec 12 (Reuters) - Canada's Cenovus Energy ( CVE )

forecast higher production in 2025 on Thursday, banking on

benefiting from new projects coming online.

The company forecast its upstream production between 805,000

and 845,000 barrels of oil equivalent per day (boepd) for 2025,

compared with 770,000 boepd to 810,000 boepd expected this year.

"Cenovus will deliver important milestones on our major

growth projects in 2025, including achieving first oil from

Narrows Lake, installation of the West White Rose offshore

facilities and commencement of drilling, and preparations for

first steam at the Foster Creek optimization project," said CEO

Jon McKenzie.

It expects expenses to be between C$4.6 billion ($3.25

billion) and C$5 billion in 2025, compared with the estimated

spending of C$4.5 billion to C$5 billion in 2024.

($1 = 1.4141 Canadian dollars)