EX-99.1 2 ex991form6k_072910.htm EXHIBIT 99.1 ex991form6k_072910.htm
EXHIBIT 99.1
 
 
PRESS RELEASE HEADER
 
 
CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES
HORIZON OIL SANDS PRODUCTION
CALGARY, ALBERTA – JULY 29, 2010 – FOR IMMEDIATE RELEASE

 
Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces monthly production of Synthetic Crude Oil (“SCO”) at Horizon Oil Sands as follows:
 
Month
SCO Production (bbl/d)
Q1 2010
86,995
April 2010
101,000*
May 2010
81,400*
June 2010
117,600*
Q2 2010
99,950
July 2010 forecast
100,000–103,000
*rounded to the nearest hundred
  

 
Proactive maintenance, which reduced plant capacity by approximately 50%, has been taken late in July to replace a number of coker valves and to address some very localized pipe wall thinning in the amine unit.  Planned maintenance activity in August includes Ore Preparation Plant screen changes, and a routine pigging cycle.  August 2010 production is expected to be between 102,000 and 107,000 barrels per day of SCO.
 
The Company targets stable production levels of approximately 110,000 barrels per day of SCO for the remainder of 2010 and will continue to complete strategic maintenance as required.
 
Canadian Natural is a senior crude 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.
 
 



CANADIAN NATURAL RESOURCES LIMITED
2500, 855 – 2nd Street S.W.
Calgary, Alberta
T2P 4J8
 
 
 
Telephone:
Facsimile:
Email:
Website:
(403) 514-7777
(403) 514-7888
ir@cnrl.com
www.cnrl.com
JOHN G. LANGILLE
Vice-Chairman
 
STEVE W. LAUT
President
 
COREY B. BIEBER
Vice-President,
Finance & Investor Relations
Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange

 
 
This document contains forward-looking statements under applicable securities laws, including, in particular, statements
about Canadian Naturals’ plans, strategies and prospects.  Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, such statements are subject to known or
unknown risks and uncertainties that may cause actual results to differ materially from those
anticipated.  Please refer to the Company’s Interim Report or Annual Information Form
for a full description of these risks and impacts.