Output issues halt Olowi drilling

Canadian Natural Resources’ (CNR) crude oil production offshore West Africa dropped to 27,706 b/d in 4Q 2010, down 17% from the figure for 3Q 2010.

Offshore staff

CALGARY, Canada – Canadian Natural Resources’ (CNR) crude oil production offshore West Africa dropped to 27,706 b/d in 4Q 2010, down 17% from the figure for 3Q 2010.

A main reason was compressor downtime at the Olowi field offshore Gabon, although repairs conducted late last year have led to improved performance.

However, Olowi continues to produce below expectations. CNR has drilled five wells on Platform C, six wells on Platform B and two wells on Platform A, but has elected to curtail further drilling as reserve expectations are not currently economic.

03/03/2011

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