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Volume 356
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Location: Saskatchewan
Operator: Cenovus Energy Inc.
Royalty: NRI: 11.71% / ORR: 0.44% / WI: 2.56%

The Weyburn Unit is located approximately 129 km southeast of Regina, Saskatchewan and encompasses approximately 216 km2 on a gross basis (net 31 km2) in which the Mississippian Midale beds are unitized. As of December 31, 2016, Franco-Nevada held an 11.71% NRI, a 0.44% ORR and a 2.56% WI in the Weyburn Unit. Collectively, these interests provide Franco-Nevada with the second largest economic interest in the Weyburn Unit after Cenovus. Production commenced from the Midale zone within the unitized area in 1955 under primary depletion (solution gas expansion). Formation of the Weyburn Unit occurred in 1963 for the purpose of implementing an inverted nine-spot waterflood pressure maintenance scheme on 80 acre well spacing. In 2000, Cenovus, the operator, began injecting CO2 in a portion of the Weyburn Unit as an enhanced oil recovery (“EOR”) method. Some of the injected CO2 remains in the reservoir and the Weyburn Unit is recognized as one of the world’s largest geological CO2 storage projects.

Current gross production of the Weyburn Unit is approximately 25,000 Boe/d at an average water cut of 88.0%. Produced oil within the Weyburn Unit averages 31 degrees API and contains approximately 2.2% sulphur. Weyburn has a reserve life of approximately 50 years.


2016 2015 2014
Total Revenue to FNV ($ million) $ 23.6 $ 21.1 $ 57.8