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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments And Contingencies [Abstract]  
Summary of Future Payments of Commitments These items exclude amounts recorded in the Consolidated Balance Sheets.

 

As at December 31, 2018

1 Year

 

 

2 Years

 

 

3 Years

 

 

4 Years

 

 

5 Years

 

 

Thereafter

 

 

Total

 

Transportation and Storage (1)

 

1,040

 

 

 

1,104

 

 

 

1,335

 

 

 

1,491

 

 

 

1,562

 

 

 

16,809

 

 

 

23,341

 

Operating Leases (Building Leases) (2)

 

104

 

 

 

73

 

 

 

78

 

 

 

74

 

 

 

77

 

 

 

1,425

 

 

 

1,831

 

Capital Commitments

 

21

 

 

 

2

 

 

 

1

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

24

 

Other Long-Term Commitments

 

148

 

 

 

81

 

 

 

45

 

 

 

37

 

 

 

32

 

 

 

147

 

 

 

490

 

Total Payments (3)

 

1,313

 

 

 

1,260

 

 

 

1,459

 

 

 

1,602

 

 

 

1,671

 

 

 

18,381

 

 

 

25,686

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As at December 31, 2017

1 Year

 

 

2 Years

 

 

3 Years

 

 

4 Years

 

 

5 Years

 

 

Thereafter

 

 

Total

 

Transportation and Storage (1)

 

899

 

 

 

886

 

 

 

919

 

 

 

1,123

 

 

 

1,223

 

 

 

13,260

 

 

 

18,310

 

Operating Leases (Building Leases) (2)

 

155

 

 

 

146

 

 

 

142

 

 

 

141

 

 

 

140

 

 

 

2,305

 

 

 

3,029

 

Capital Commitments

 

16

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

18

 

Other Long-Term Commitments

 

109

 

 

 

39

 

 

 

32

 

 

 

28

 

 

 

25

 

 

 

122

 

 

 

355

 

Total Payments (3)

 

1,179

 

 

 

1,073

 

 

 

1,093

 

 

 

1,292

 

 

 

1,388

 

 

 

15,687

 

 

 

21,712

 

 

(1)

Includes transportation commitments of $14 billion (2017 – $9 billion) that are subject to regulatory approval or have been approved, but are not yet in service.

(2)

Excludes committed payments for which a provision has been provided.

(3)

Contracts undertaken on behalf of WRB are reflected at Cenovus’s 50 percent interest.