Canadian Natural Resources
| Canadian Natural Resources Ltd.
|
|
|---|---|
 |
|
| legal form | Public Company (Canada) |
| ISIN | CA1363851017 |
| founding | 1973 |
| Seat |
Calgary , Alberta , Canada
|
| management | N. Murray Edwards (Executive Chairman) Steve W. Laut (Executive Vice Chairman) Tim McKay (President) |
| Number of employees | 9,709 (2018) |
| sales | CAD 22 billion (2018) |
| Branch | Petroleum industry |
| Website | Canadian Natural Resources |
Canadian Natural Resources Limited, or CNRL or Canadian Natural, is a Canadian oil and gas exploration, development and production company headquartered in Calgary , Alberta . In addition to the core area of the Western Canadian Sedimentary Basin, CNRL also has offshore fields in the North Sea and off West Africa. By 2011, CNRL was Canada's largest oil company and Canada's largest conventional heavy oil producer, producing 121,000 barrels (19,200 m³).
Business operations
In addition to its corporate headquarters in Calgary, the company has branches in the Canadian provinces of Alberta, British Columbia , Saskatchewan and has offices in Gabon , the Ivory Coast and Aberdeen , Scotland . Canadian Natural has been the largest oil and gas producer in Canada since the second quarter of 2014.
Western Canadian Sedimentary Basin
According to the company, Canadian Natural has the largest undeveloped areas in the Western Canadian Sedimentary Basin. CNRL's assets include "conventional and unconventional natural gas , as well as projects in crude oil production and oil sands and oil sands extraction".
natural gas
Canadian Natural claims to be the largest independent producer of natural gas in Western Canada. The company has natural gas facilities supported on an extensive land base, well developed infrastructure and a diversified portfolio of future wells. Conventional and unconventional natural gas production is concentrated in five North American core areas: Northwest Alberta, Northeast British Columbia, the Rocky Mountain Foothills, the Northern Plains and the Southern Great Plains.
Pelican Lake
Pelican Lake is a large, shallow crude oil basin in the Northern Plains that contains an estimated 4.1 billion barrels of oil. Although originally developed for primary production, the company began flooding parts of the field in 2004, resulting in a significant increase in production. This was preceded by a decline in production in the previous three years. Building on this success, the company started polymer flooding in 2005. This technique has proven to be more effective than water flooding. Therefore, the company began to flood other areas of Pelican Lake with the new technology.
Thermally treated oil sands
Canadian Natural holds some of the best oil sands resources in Canada. These are in Athabasca and Cold Lake. Natural oil sand deposits consist of bitumen, which in its natural state is too viscous to be pumped out. If the bitumen is too deep to be mined economically (in an open pit) (more than 80 m), steam is injected to heat the bitumen. The resulting reduction in viscosity enables pumping through surface depressions. Only about 7% of Canada's oil sands can be mined directly; the greater part has to be prepared for extraction by heating.
Light crude oil and liquefied petroleum gas
Canadian Natural produces light crude oil and liquefied natural gas in all of Canada's western core regions. Most of these resources can be mined, but the recovery factors are modest. The extraction takes place using water flooding, which guarantees a high level of exploitation with a low annual decrease in production. These projects are subject to low technical risk but require rigorous geological and engineering analysis to be successful.
Horizon Oil Sands
Canadian Natural's largest production project is the Horizon Oil Sands Project, located 75 km north of Fort McMurray, Alberta. It includes a surface oil sands extraction and bitumen extraction plant, with in-situ bitumen refinement and associated infrastructure. The deposits are estimated at around 14.4 billion barrels of bitumen. As a result, production is expected for several decades without production declines.
The Management Board approved the Horizon Oil Sands project in February 2005. After years of planning and construction, the company was able to successfully and sustainably produce its first barrel of high-quality, low-sulfur crude oil in spring 2009.
The company's goals foresee production increases after completion of future expansions and elimination of bottlenecks of approx. 250,000 barrels per day. After further phases of expansion, the capacity could possibly be increased to 500,000 barrels per day.
internationalization
The company is focused on two core areas in its efforts outside Canada, the UK's portion of the North Sea and the offshore fields off the coast of West Africa. In the North Sea, the main focus is on the continuation and expansion of the existing infrastructure. In West Africa, the company says it has good relations with the governments of the Ivory Coast and Gabon and therefore has a competitive advantage over other local operators. The fields off West Africa are among the Group's greatest assets and continue to promise growth in the production of light crude oil.
Accidents
In November 2014, nearly 60,000 liters of crude oil leaked from a CNRL pipeline in a region in northern Alberta, about 17 miles from Red Earth Creek.
history
In 1989, CNRL was an oil and gas company that only operated in Alberta and employed 9 people there. It produced approximately 1400 barrels (220 cubic meters) of oil equivalent per day and achieved a market capitalization of over $ 1 million. Through growth and acquisitions, the company has around 8,000 employees, production to more than 817,000 barrels of oil equivalent per day and market capitalization to around 45 billion Kan. Dollar grew.
Web links
Individual evidence
- ↑ a b Annual Report 2018 www.cnrl.com, accessed on February 11, 2020.
- ↑ big-five on www.languageinstinct.blogspot.ca
- ↑ a b c d World Class Assets www.cnrl.com, accessed February 11, 2020.
- ^ Thermal In Situ Oil Sands www.cnrl.com, accessed February 11, 2020.
- ↑ Light Crude Oil and NGLs www.cnrl.com, accessed February 11, 2020.
- ↑ a b Horizon Oil Sands www.cnrl.com, accessed February 11, 2020.
- ↑ [1] www.globalnews.ca