Canadian Natural Resources Limited
TSX : CNQ
NYSE : CNQ

Canadian Natural Resources Limited

September 01, 2010 05:01 ET

Canadian Natural Resources Limited Announces Horizon Oil Sands Production

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2010) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ)("Canadian Natural" or the "Company") announces monthly production of Synthetic Crude Oil ("SCO") at Horizon Oil Sands as follows:

Month SCO Production (bbl/d)
Q1 2010 86,995
Q2 2010 99,950
July 2010 93,300*
August 2010 forecast 49,000–50,000
*rounded to the nearest hundred  

The maintenance required to address localized pipe wall thinning limited to the amine unit, which required a plant wide shut down, was completed in mid August. While the plant was in shut down the Company was able to move forward and complete planned maintenance originally scheduled for late August and September which included furnace pigging cycles and screen changes in the Ore Preparation Plant ("OPP"). 

The start up of the Horizon operation after this outage occurred on schedule, however operational start up difficulties were encountered in the OPP. As a result, full ramp up to design rates were delayed, as the operation was restricted to running on only one of two wet trains in the OPP for a significant period during August.

The second wet train was returned to operations in late August and the company targets production rates at design capacity for September 2010 and the remainder of 2010.

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.

Contact Information

  • John G. Langille
    Vice Chairman
    or
    Steve W. Laut
    President
    or
    Corey B. Bieber
    Vice-President, Finance & Investor Relations
    or
    Canadian Natural Resources Limited
    2500, 855 2nd Street S.W.
    Calgary, Alberta, T2P 4J8 Canada
    Phone: (403) 514-7777
    Email: ir@cnrl.com
    Website: www.cnrl.com