Canadian Natural Resources Limited

Canadian Natural Resources Limited

December 02, 2010 05:01 ET

Canadian Natural Resources Limited Announces Horizon Oil Sands Production

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2010) - 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:

Month SCO Production (bbl/d)
Q1 2010 86,995
Q2 2010 99,950
Q3 2010 83,809
October 2010 87,600*
November 2010 107,900*
*rounded to the nearest hundred  

The Pressure Swing Adsorption (PSA) beds recovered better than expected resulting in production of approximately 107,900 bbl/d SCO for November 2010. The PSA unit performance will be closely monitored, however the likelihood that a complete shutdown will be required has been reduced significantly, and scheduled maintenance work will be performed if necessary. The Company continues to target Q4/10 production between 90,000 bbl/d and 100,000 bbl/d and overall annual production between 90,000 bbl/d and 93,000 bbl/d.

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
    Steve W. Laut
    Corey B. Bieber
    Vice-President, Finance & Investor Relations
    Canadian Natural Resources Limited
    2500, 855 - 2nd Street S.W.
    Calgary, Alberta T2P 4J8
    (403) 514-7777
    (403) 514-7888 (FAX)