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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of) R) |7 J0 B) {/ e/ C6 }: E ~
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
2 ^8 D' K9 b, q$ E d/ @: ~lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America& |; t" y! i& `7 x
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl
+ n, S5 m1 z1 h9 z: \% _) O/ f s8 N B, f" ~ ?6 a
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