CNR steps up drilling in the North Sea, West Africa

Canadian Natural Resources averaged 23,426 b/d last year from its UK North Sea fields, with drilling partly offsetting natural declines.

Offshore staff

CALGARY, CanadaCanadian Natural Resources (CNR) averaged 23,426 b/d last year from its UK North Sea fields, with drilling partly offsetting natural declines.

Production enhancements, increased reliability and water flood optimization led to operating costs decreasing 14% from 2016 levels to $36.60/bbl.

This year CNR plans to drill 4.6 net producing wells and 0.9 net injector wells in the North Sea, starting this month, with a view to adding average net production of around 3,000 b/d in 4Q.

Offshore West Africa the company’s production fell 22% last year to 20,335 b/d.

In 2018, the company expects to drill 1.7 net producing wells and 1.2 net injector wells at the Baobab field off Côte d’Ivoire, from 2Q onwards. These should add average net production of around 5,700 b/d by year-end.

03/01/2018

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