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Canadian Natural Resources
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company, which is headquartered in Calgary, Alberta, has the largest undeveloped base in the Western Canadian Sedimentary Basin. It is the largest independent producer of natural gas in Western Canada and the largest producer of heavy crude oil in Canada.
In the 2020 Forbes Global 2000, Canadian Natural Resources was ranked as the 306th-largest public company in the world.
CBC described CNRL as a "Calgary-based oil and gas giant." CNRL owns and operates Horizon Oil Sands and the Athabasca Oil Sands Project (AOSP) which are about 70 km north of Fort McMurray, Alberta in the Athabasca region. According to a May 13, 2021, Forbes report, CNRL had a market capitalization of $36.6 billion, and sales of $12.6 billion with 9,709 employees.
As of December 31, 2018, the company had proved reserves of 9.679 billion barrels of oil equivalent (5.921×1010 GJ), of which 63% were synthetic crude.
The company also owns two operated pipeline systems, an electricity cogeneration facility, and a 50% interest in the North West Redwater Partnership.
In 2018, the company averaged production of 1,079 thousand barrels of oil equivalent (6,600,000 GJ) per day, of which 76% was petroleum and natural gas liquids and 24% was natural gas. In 2018, production came as follows:
The company's largest operation is the Horizon Oil Sands project which is 75 kilometres (47 mi) north of Fort McMurray, Alberta. It includes a surface oil sands mining and bitumen extraction plant and bitumen upgrading with associated infrastructure. The company sanctioned the Horizon Oil Sands Project in February 2005 and it began production in early 2009.
The company was founded on November 7, 1973, as AEX Minerals Corporation and adopted the present name in 1975.
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Canadian Natural Resources
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company, which is headquartered in Calgary, Alberta, has the largest undeveloped base in the Western Canadian Sedimentary Basin. It is the largest independent producer of natural gas in Western Canada and the largest producer of heavy crude oil in Canada.
In the 2020 Forbes Global 2000, Canadian Natural Resources was ranked as the 306th-largest public company in the world.
CBC described CNRL as a "Calgary-based oil and gas giant." CNRL owns and operates Horizon Oil Sands and the Athabasca Oil Sands Project (AOSP) which are about 70 km north of Fort McMurray, Alberta in the Athabasca region. According to a May 13, 2021, Forbes report, CNRL had a market capitalization of $36.6 billion, and sales of $12.6 billion with 9,709 employees.
As of December 31, 2018, the company had proved reserves of 9.679 billion barrels of oil equivalent (5.921×1010 GJ), of which 63% were synthetic crude.
The company also owns two operated pipeline systems, an electricity cogeneration facility, and a 50% interest in the North West Redwater Partnership.
In 2018, the company averaged production of 1,079 thousand barrels of oil equivalent (6,600,000 GJ) per day, of which 76% was petroleum and natural gas liquids and 24% was natural gas. In 2018, production came as follows:
The company's largest operation is the Horizon Oil Sands project which is 75 kilometres (47 mi) north of Fort McMurray, Alberta. It includes a surface oil sands mining and bitumen extraction plant and bitumen upgrading with associated infrastructure. The company sanctioned the Horizon Oil Sands Project in February 2005 and it began production in early 2009.
The company was founded on November 7, 1973, as AEX Minerals Corporation and adopted the present name in 1975.