Canadian Natural Resources Provides Update on Bitumen Emulsion Discovery at Primrose Development Area

Loading...
Loading...
Canadian Natural Resources Limited
CNQ
would like to provide an update to an incident at the Company's Primrose development area in which bitumen emulsion was discovered at surface at four separate locations. The discoveries were immediately reported to the Alberta Energy Regulator ("AER") and concurrently crews were dispatched to initiate necessary action. Each location has been secured and clean-up, recovery and reclamation activities are well underway. The bitumen emulsion does not pose a risk to health or human safety. The Company is working diligently with the AER and Alberta Environment and Sustainable Resource Development to investigate and remediate the affected locations. Canadian Natural is committed to ensuring the clean-up and reclamation work is done right, while minimizing impacts to the environment. Canadian Natural is also taking proactive measures to prevent this type of incident in the future.The four locations initially impacted at Primrose covered an area of 20.7 hectares. The bitumen emulsion seepage is now controlled to specific containment areas where it is effectively recovered as it reaches the surface. As a result of the Company's successful active clean-up efforts, approximately 6,300 barrels of bitumen emulsion
See full press release
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceContractsGlobal
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...