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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of. R1 A; k% e# C/ m
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and
6 P1 i+ _: ~$ Alower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
7 ?* h, `. Y4 g+ o8 Y- P. pnatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl- P2 S) l ]) h# [% `# B
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