Canadian Natural Resources Achieves First Steam-In at Kirby South SAGD Project

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Canadian Natural Resources Limited
CNQ
("Canadian Natural") announces that first steam injection was achieved on September 16, 2013 at its 100% owned and operated Kirby South steam assisted gravity drainage (SAGD) project. The Kirby South project was completed on budget, with a forecast addition of production at approximately $30,000 per flowing barrel, and ahead of the originally targeted steam-in date of November 2013. Kirby South is targeted to grow to approximately 40,000 bbl/d of production by the end of 2014 and is the first step in a staged expansion plan for the greater Kirby area, targeted to increase Kirby area production over time to approximately 140,000 bbl/d. Canadian Natural's current overall thermal in situ development plan targets to increase facility capacity from current levels of approximately 170,000 bbl/d to approximately 510,000 bbl/d in staged increments over the next 15 years. Commenting on the start-up of operations at Kirby South, Canadian Natural's President Steve Laut said "The successful completion of construction and commissioning of the Kirby South project demonstrates the strength of our teams and our ability to effectively and safely execute on our projects. Kirby South is the next piece in
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