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Canadian Natural Resources Ltd
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September 2016 Corporate Presentation
| Steve W. Laut; Tim S. Mc Kay; Corey B. Bieber; Lyle G. Stevens; Mark Stainthorpe | Page 24 of 11 |
November 23, 2024
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CNQ Canadian Natural Operating Costs 2016 A rea (C$/bbl) 2014 2015 2016F % Change (1 ) North A merica Light Oil & NGLs $17.24 $14.88 $13.50 - 14.50 (19%) Pelican Lake 8 .52 7 .24 5 .75 - 6 .75 ( 27%) Primary Heavy 17.61 15.01 13.75 - 14.75 (19%) Thermal In Situ Oil Sands 12.61 10.43 10.25 - 1 1.25 (15%) Horizon O il Sands (2 ) 39.60 29.61 27.00 - 30.00 (28%) North Sea 74.04 63.67 40.50 - 46.50 (41%) Of fshore Africa 43.97 33.32 14.50 - 18.50 (62%) North America Gas (C$/Mcf) $1.42 $1.27 $1.05 - 1.25 ( 19%) Corporate T otal (C$/BOE) $18.29 $15.18 $13.50 - 14.50 (23%) (1) Percentage change of 2016F m idpoint over 2014. (2) R eflects production dow ntim e for turnarounds and tie-ins. 23