March 22 (Reuters) - Cenovus Energy Inc CVE.TO :
* CENOVUS PROVIDES FIRST-QUARTER OPERATIONAL UPDATE
* CONTINUES TO EXPECT FULL-YEAR OIL SANDS VOLUMES FOR 2018 TO BE WITHIN COMPANY'S GUIDANCE RANGE OF 364,000 TO 382,000 BARRELS PER DAY
* CENOVUS ENERGY-CO CONTINUES TO EXPECT FULL-YEAR OIL SANDS VOLUMES FOR 2018 TO BE WITHIN COMPANY'S GUIDANCE RANGE OF 364,000 TO 382,000 BARRELS PER DAY
* CENOVUS ENERGY-EXPECTS Q1 RESULTS WILL BE IMPACTED BY PLANNED MAINTENANCE ACTIVITY UNDERWAY AT CO'S TWO U.S. REFINERIES JOINTLY OWNED WITH PHILLIPS 66
* "HAS BEEN OPERATING ITS OIL SANDS FACILITIES AT REDUCED PRODUCTION RATES"
* CENOVUS ENERGY-OPERATING CHRISTINA LAKE,FOSTER CREEK FACILITIES AT REDUCED PRODUCTION LEVELS SINCE FEB WHILE CONTINUING TO INJECT STEAM AT NORMAL RATES
* "SIGNIFICANT" CAPACITY TO STORE BARRELS IN OIL SANDS RESERVOIRS TO BE PRODUCED AND SOLD AT A LATER DATE
* IN ONGOING DISCUSSIONS WITH RAIL PROVIDERS TO RESOLVE A SHORTAGE OF LOCOMOTIVE HAULING CAPACITY
* CENOVUS ENERGY - TRANSPORTATION CHALLENGES FACED BY INDUSTRY "DEMONSTRATE URGENT NEED FOR APPROVED PIPELINE PROJECTS IN CANADA TO PROCEED"
* SHORTAGE OF LOCOMOTIVE HAULING CAPACITY PREVENTING CO FROM "FULLY REALIZING BENEFITS" OF ITS BRUDERHEIM CRUDE-BY-RAIL FACILITY
* ANTICIPATES Q1 OIL SANDS PRODUCTION OF BETWEEN 350,000 AND 360,000 BARRELS PER DAY