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ARTICLE · 19 AUGUST 2010

Significant Developments In Canadian Energy

Canadian Natural Resources Limited announced that production of synthetic crude oil from its Horizon oil sands mine increased to 117,600 bpd in June from 81,400 bpd in May.

CanadaEnergy and Natural Resources

OIL SANDS NEWS

1 Canadian Natural Resources Limited announced that production of synthetic crude oil from its Horizon oil sands mine increased to 117,600 bpd in June from 81,400 bpd in May. Production for the month of August is expected to range between 102,000 and 107,000 bpd amidst planned maintenance.

1 Gross bitumen production from Nexen's Long Lake oil sands project has reached 28,500 bpd, representing an increase since January's production of 16,000 bpd. The company has started engineering work to add two once-through steam generators and is developing two additional well pads to add bitumen capacity. Nexen stated that it expects the two new well pads to add approximately 15,000 bpd of capacity. The company reported that production is on track to reach 40,000 to 60,000 bpd of bitumen by the end of the year.

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