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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
8 N, P( r m) b2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and, g% r& x% _) z# Q* L |. K" X! V
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America7 v0 {8 E; ~ S1 M
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl
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