Canadian Natural Resources Limited Current Status of Primrose Operations
31 Luglio 2013 - 11:00AM
Marketwired
Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian
Natural" or the "Company") 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 has been collected to date, with the Company now
focusing on a reduced impact area of 13.5 hectares. The rate of
bitumen emulsion seepage in all four locations has declined as
expected and now totals less than 20 barrels per day.
One affected location, which is now contained, is a 1.5 meter
deep, non-fish bearing, shallow slough that does not flow in or
interact with other water bodies. Canadian Natural is conducting
groundwater monitoring activities in the vicinity of all locations
and is undertaking aquatic and sediment sampling to monitor and
mitigate any potential impacts.
The Company has implemented aerial and ground surveillance
across its Primrose operations area and has not identified any
additional bitumen emulsion seepages outside of the four identified
locations. The ongoing efforts of over 120 employees and
contractors on site will continue to reduce the impacts of these
bitumen emulsion seepages until the locations are fully
remediated.
Unfortunately some animal fatalities have occurred including 16
birds, 7 small mammals and 38 amphibians. Two beavers, two birds
and two muskrats are currently being cared for prior to being
returned to their natural environment. As part of the Company's
wildlife mitigation program, fencing and deterrents have been
deployed in the area.
Canadian Natural believes the cause of the bitumen emulsion
seepage is mechanical failures of wellbores in the vicinity of the
impacted locations. In over 30 years of using the current steaming
and extraction method in the Primrose area, there have been few
bitumen emulsion seepages to surface. This is due to the fact that
most potential wellbore failures are corrected before steaming. In
cases where potential wellbore failures are not repairable,
steaming strategies can be modified, to prevent these types of
incidents from occurring in the future. A complete review is
ongoing and Canadian Natural has a specialized team focused on
investigating wells in the impacted areas for any potential
required remediation work.
As a result of the bitumen emulsion seepages, the Company's near
term steaming plan at Primrose has been modified, with restrictions
on steaming in some areas until the investigation with the AER is
complete. With these steaming restrictions Canadian Natural has
begun the production cycle in some areas earlier than would
normally have been the case. Canadian Natural's July production was
approximately 120,000 bbl/d with an additional 20,000 bbl/d of
production capacity in such month restricted due to available plant
capacity. The Company believes that it will achieve its 2013
Thermal production guidance of 100,000 - 107,000 bbl/d. For 2014,
even with these modified steaming strategies, the Company
anticipates Thermal production, excluding Kirby South, to be
100,000 to 110,000 bbl/d range, in line with expected 2013 Thermal
production levels and approximately 10,000 bbl/d less than
originally targeted for 2014. The Company is of the view that
reserves recovered from the Primrose area over its life cycle will
be substantially unchanged.
Canadian Natural is committed to conducting all of its
operations in a way that strives to identify, minimize and mitigate
harm to the health and safety of employees, contractors, the
public, animals and the environment. Canadian Natural will continue
to make available any necessary resources for investigation,
clean-up and safeguards to ensure events such as these do not
happen again.
Canadian Natural is a senior oil and natural gas production
company, with continuing operations in its core areas located in
Western Canada, the U.K. portion of the North Sea and Offshore
Africa.
CONFERENCE CALL
A conference call will be held at 7:00 a.m. Mountain Time, 9:00
a.m. Eastern Time on Wednesday, July 31, 2013. The North American
conference call number is 1-866-223-7781 and the outside North
American conference call number is 001-416-340-8018. Please call in
about 10 minutes before the starting time in order to be patched
into the call.
A taped rebroadcast will be available until 6:00 p.m. Mountain
Time, Wednesday, August 7, 2013. To access the rebroadcast in North
America, dial 1-800-408-3053. Those outside of North America, dial
001-905-694-9451. The pass code to use is 1581040.
WEBCAST
This call is being webcast and can be accessed on Canadian
Natural's website at www.cnrl.com.
Certain information regarding the Company contained herein may
constitute forward-looking statements under applicable securities
laws. Such statements, including statements regarding anticipated
production, are subject to known or unknown risks and uncertainties
that may cause actual results to differ materially from those
anticipated or implied in the forward-looking statements. Refer to
our website for complete forward-looking statements
www.cnrl.com.
Contacts: Steve W. Laut President Douglas A. Proll Executive
Vice-President Corey B. Bieber Chief Financial Officer & Senior
Vice-President, Finance Canadian Natural Resources Limited 2500,
855 - 2nd Street S.W. Calgary, Alberta, T2P 4J8 Canada Phone: (403)
514-7777 (403) 514-7888 (FAX)ir@cnrl.com www.cnrl.com
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