Canadian Natural Resources Limited Announces Horizon Oil Sands Production
July 29 2010 - 5:00AM
Marketwired
Canadian Natural Resources Limited ("Canadian Natural" or the
"Company") (TSX: CNQ) (NYSE: CNQ) announces monthly production of
Synthetic Crude Oil ("SCO") at Horizon Oil Sands as follows:
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Month SCO Production (bbl/d)
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Q1 2010 86,995
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April 2010 101,000(i)
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May 2010 81,400(i)
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June 2010 117,600(i)
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Q2 2010 99,950
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July 2010 forecast 100,000-103,000
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(i)rounded to the nearest hundred
Proactive maintenance, which reduced plant capacity by
approximately 50%, has been taken late in July to replace a number
of coker valves and to address some very localized pipe wall
thinning in the amine unit. Planned maintenance activity in August
includes Ore Preparation Plant screen changes, and a routine
pigging cycle. August 2010 production is expected to be between
102,000 and 107,000 barrels per day of SCO.
The Company targets stable production levels of approximately
110,000 barrels per day of SCO for the remainder of 2010 and will
continue to complete strategic maintenance as required.
Canadian Natural is a senior crude oil and natural gas
production company, with continuing operations in its core areas
located in Western Canada, the U.K. portion of the North Sea and
Offshore West Africa.
Contacts: John G. Langille Vice Chairman Steve W. Laut President
Corey B. Bieber Vice-President, Finance & Investor Relations
Canadian Natural Resources Limited 2500, 855 2nd Street S.W.
Calgary, Alberta, T2P 4J8 Canada Phone: (403) 514-7777 ir@cnrl.com
www.cnrl.com
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