Cenovus Energy Inc. is the latest Canadian oilsands company to report surging production levels just in time for the anticipated startup of the Trans Mountain pipeline expansion.

The Calgary-based company said Thursday it saw its second-highest quarterly production ever in the fourth quarter of 2023, with output of 808,600 barrels of oil equivalent per day.

That compares with 806,900 boe/d in the same period of last year and represents an increase of approximately 12,000 barrels per day from the third quarter of 2023.

The uptick in output was largely due to strong performance from Cenovus’ oilsands assets, in particular its Foster Creek site in northern Alberta where new well pads added about 10,000 barrels per day of production relative the third quarter.