CNR开始Kirby North地区增产

Canadian Natural Resources (CNR) is eyeing a production boost as it puts into motion its thermal oil sands portfolio after widening its losses in the third quarter as output dropped. The Canadian player said on Thursday that it has determined to re-initiate the development of its second thermal in situ oil sands steam assisted gravity drainage (SAGD) project, Kirby North, with engineering and procurement to commence in 2017. Capital spending for the project in 2017 is targeted to be $28 million. CNR also completed during the quarter the second phase of the Horizon Oil Sands project, which will help increase production rates. Moving forward, the company forecasts annual 2016 production levels to average between 514,000 bpd and 563,000 bpd of crude oil, with fourth quarter production guidance forecast to average between 575,000 bpd and 599,000 bpd.