Dec 8 Canadian oil producer Cenovus Energy Inc
said on Thursday it planned to increase its 2017
capital budget by about 24 percent.
The company said it intended to invest between C$1.2
billion-C$1.4 billion ($1.06 billion), compared with its
forecast of C$1 billion-C$1.1 billion for 2016.
Cenovus also said it expected 2017 oil production to rise 14
percent to 223,000-240,000 barrels per day (bpd), while oil
sands production is estimated to increase by 20 percent to
($1 = 1.3211 Canadian dollars)
(Reporting by Vishaka George in Bengaluru; Editing by Anil