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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of5 _7 d b ~1 ~, ^- w. b# B- F# A4 H
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
k& C- [5 V Y' V5 V( J Alower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America! W- Z1 R6 H) Y) r. {) H. [4 P
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl' P+ K6 P. k9 w3 t
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