Production Rates | Oil Sands Projects
CNRL Horizon Project on Target for Phase 3 Expansion in Q4
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Canadian Natural Resources Limited provided an operations update for Horizon Oil Sands.
In December 2016 the Company continued to achieve higher than expected performance at Horizon, with production averaging approximately 184,000 bbl/d of Synthetic Crude Oil.
After the successful ramp of the Phase 2B expansion, average production in the fourth quarter of 2016 reached approximately 178,000 bbl/d of SCO, at the high end of previously issued fourth quarter 2016 Horizon production guidance.
Horizon continues to perform above expected design rates, with January 2017 production averaging approximately 195,000 bbl/d of SCO.
As a result of this strong operational performance and realized cost efficiencies, Canadian Natural is lowering its 2017 SCO operating cost guidance by $2.00/bbl to…
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