Canadian Natural Resources Limited Provides an Update on the South Africa Block 11B/12B
October 28 2020 - 2:30AM
Canadian Natural Resources Limited (“Canadian Natural” or the
“Company”) announces that in connection with the Company’s 20%
working interest in South Africa Block 11B/12B, the operator has
made a significant gas condensate discovery on the Luiperd
prospect, located in the Outeniqua Basin, 175 kilometers off the
southern coast of South Africa. This discovery follows the
previously announced Brulpadda discovery in 2019.
The Luiperd well was drilled to a total depth of
approximately 3,400 meters and encountered 73 meters of net gas
condensate pay in well-developed, good quality, Lower Cretaceous
reservoirs. Following a comprehensive coring and logging program,
the well will be tested to assess the dynamic reservoir
characteristics and deliverability.
Canadian Natural expects the costs for this well
to be fully carried pursuant to Farm Out Agreements.
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.
CANADIAN NATURAL RESOURCES LIMITED |
2100, 855
- 2nd Street S.W. Calgary, Alberta, T2P4J8Phone:
403-514-7777 Email: ir@cnrl.comwww.cnrl.com |
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TIM S. MCKAY PresidentMARK A.
STAINTHORPEChief Financial Officer and Senior
Vice-President, FinanceJASON M. POPKOManager,
Investor RelationsTrading Symbol - CNQToronto Stock ExchangeNew
York Stock Exchange |
Certain information regarding the Company
contained herein may constitute forward-looking statements under
applicable securities laws. Such statements 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
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