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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of' o1 B( X9 e( g7 I- o3 _
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and; o1 M* k% a, K+ e8 g3 @" Q/ W2 b
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America4 K8 o) A2 l: o0 X2 Q2 e
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl! Q0 a" ~7 Y1 h7 F5 w9 }+ ]) L
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