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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of. A3 z, h( ]/ V- K
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
$ t) a0 l0 g3 |' Hlower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America4 p! ? z$ D0 n2 c
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl
- i$ b" {3 s4 H; B$ i- C( [. d' c: l# }% q0 s" M7 i
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