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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of
% }) R# y% {2 d& G8 C1 s1 _2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and! Y8 X% }- E3 K" d- v
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America& x9 |0 L6 f. l% m3 {
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl$ V; n2 V0 _% _6 W
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