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Canadian Natural Resources Restarts Sales From Horizon

Canadian Natural Resources (CNQ.TO) announced that Synthetic Crude Oil sales have recommenced from its Horizon Oil Sands operation in Northern Alberta.

On August 16, 2011, Canadian Natural successfully and safely resumed production at Horizon from the fire that occurred in the coker unit on January 6th, 2011, the company said in a statement.

It said production for the past four days has consistently averaged approximately 75,000 bbl/d of SCO. Ramp up to full production capacity of 110,000 bbl/d of SCO is expected in the next week. First pipeline deliveries commenced on August 18, 2011.

Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore West Africa.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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