SOURCE: Industrial Info Resources

November 13, 2008 08:00 ET

Canadian Natural Resources Prepares for Start-Up of Horizon Oil Sands Project, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 13, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canadian Natural Resources Limited (NYSE:CNQ) (Calgary, Alberta) has announced that the company is still targeting first synthetic crude oil production from its Horizon Oil Sands Project by the end of the year. Most aspects of the project are complete, including the mining operation, which has already delivered 300,000 metric tons of oil sands to the plant for equipment-testing purposes. Phase I of the project will produce 110,000 barrels per day (BBL/d) of crude oil. With the winding down of Phase I of the Horizon project and the recently completed 40,000 BBL/d expansion of the company's Primrose East facility, Canadian Natural has plans to significantly reduce capital expenditure in 2009.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=141149, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

Industrial Firms Review $464 Billion of North American Project Spending Planned for 2009

Aggreko Expands Canada Operations in Global Power Rental Industry Reach

Suncor Energy Allocates $5.3 Billion to Oil Sands Projects in 2009

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147