January 18, 2010 at 12:07 pm #2799
ConocoPhillips’ refinery partner changes name
January 14, 2010 6:59 PM
By DENNIS GRUBAUGH
ROXANA – Like processing heavy crude, the company that has been partnering with ConocoPhillips on a multibillion-dollar refinery expansion has been reformulated into a pair of byproducts.
Canada-based EnCana recently split into two companies – one keeping the name EnCana and devoted to natural gas, the other called Cenovus Energy, which will oversee the oil part of the business, including the oil sands project serving the Wood River Refinery in Roxana.
Signs indicating the new name are being changed at the refinery, but that’s about the only visible effect, a Cenovus Energy spokeswoman said.
“Basically it’s business as usual with the Cenovus-ConocoPhillips partnership,” Rhona DelFrari said. “After the split of EnCana, the oil assets went to Cenovus, as well as some of our conventional gas. It’s all the same people dealing with ConocoPhillips and our refinery partnership, as it was before. Nothing has changed – same budget, no anticipated changes.”
Signs are being changed on the refinery grounds and in the main office lobby. Conoco and EnCana had been involved in an equal partnership operating under the name WRB Refining LLC Wood River Refining. The name “EnCana” now is being peeled off and replaced with Cenovus.
EnCana, based in Alberta, Calgary, closed the transaction to split into two distinct and independent companies on Nov. 30.
Cenovus Energy Inc. now will focus on its enhanced oil projects and its established natural gas and crude oil production in Alberta and Saskatchewan.
For the past year, a pipeline has been constructed between Alberta and Wood River, to supply the oil needed in the retooled refinery.
Thousands of workers have been employed in a construction project that will continue through this year.
Cenovus also has a similar partnership with the ConocoPhillips refinery in Borger, Texas.
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