Offshore staff

CALGARY, Canada – Canadian Natural Resources’ (CNR) North Sea/Côte d’Ivoire production averaged 42,657 b/d in 2Q 2018, up 4% on the previous quarter.

In the UK North Sea, volumes rose by 13% to 24,456 b/d, mainly due to contributions from new wells at the Tiffany and Ninian complexes.

The impact of the shut-in of theNinian North platform in May in preparation for decommissioning and natural field declines was partly offset by new wells at Ninian South and production optimization measures.

CNR’s focus remains on production enhancements, increased reliability and water flood optimization in these fields, and as a result, 2Q 2018 operating costs fell by 19% from 1Q levels to $35.12/bbl.

Offshore Africa, the company’s production volumes in 2Q were lower at 18,201 b/d due to maintenance activities at the Espoir field offshore Côte d’Ivoire and natural field declines.

The company aims to drill 1.7 net producing wells at the Baobab, where drilling has started, adding average net production of around 5,700 b/d of light crude. The first well should come online later this summer.

08/03/2018