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Commenting on first quarter 2016 results, Steve Laut, President of Canadian Natural stated, “The first three months of9 ?" t5 O! ~1 ^1 {7 F
2016 were operationally strong for Canadian Natural. The Company delivered production volumes within guidance and- U3 l; w( s! C. ^! N- k
lower operating costs, with an operating cost reduction of 13% in E&P crude oil and NGLs and 14% in North America
9 s3 M- j* c, k; xnatural 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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