CNRL updates 2018 production for Horizon oil sands
Nov. 8, 2017
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion.
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion (OGJ Online, May 4, 2017).
These numbers exclude the Athabasca oil sands project acquisition from March. CNRL will continue its steam-assisted gravity drainage project at Kirby North into 2018, targeting completion in fourth-quarter 2019 (OGJ Online, Dec. 13, 2016).
