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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
: i0 e/ _% |9 p1 Z2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and, q1 }& s$ a8 j; m
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
5 q0 `) d" a0 ]8 N0 E$ n" l( ]* |3 Cnatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl$ p1 |" |& I& d* @' G# n$ k
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