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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of4 x$ s: a# R& T* \% G
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and% O$ g* j" L8 a. |( a
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
$ y0 Y5 [: D9 s* F- k. mnatural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl
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