Canadian Natural Resources Limited

Canadian Natural Resources Limited

January 06, 2011 05:00 ET

Canadian Natural Resources Limited Announces Horizon Oil Sands Production

CALGARY, ALBERTA--(Marketwire - Jan. 6, 2011) - 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 107,800*  
December 2010 83,700*  
Q4 2010 92,900*  
Full Year 2010 90,900*  
*estimates rounded to the nearest hundred  

December production is expected to average approximately 83,700 bbl/d of SCO, while full year 2010 is expected to average approximately 90,900 bbl/d of SCO. A required plant shut down was taken in late December to facilitate repairs to the Coker Unit in Primary Upgrading. After completing the repairs and other maintenance activities the plant was successfully re-started despite cold weather challenges. The 2011 budget production is targeted to be between 105,000 bbl/d and 112,000 bbl/d of SCO at Horizon Oil Sands.

In lieu of a press release and beginning with the January 2011 production month, monthly production for Horizon Oil Sands will be posted on our website after the commencement of the following month.

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
    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 Canada
    (403) 514-7777
    (403) 514-7888 (FAX)