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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of5 g( Y1 ^( H% @7 q; C, Z
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and2 N' f+ I( h) | f
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America. Z3 y! u7 O1 E3 y% O. y
natural gas, on a per unit cost basis from Q1/15 levels. At Horizon, we achieved record low operating costs of $26.55/bbl7 W1 p# a! ^9 g+ C" g9 z: R9 u4 v
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