Horizon (CNRL) is a producing oil sands field located onshore Canada and is operated by Canadian Natural Resources.
Three expansion projects are associated with the Horizon (CNRL) oil sands field, namely Horizon Paraffinic Froth Treatment Expansion, Horizon Vacuum Gas Oil Sales Expansion and Horizon Fractionation Tower Debottleneck. The expansion projects are currently in the feed stage.
Field participation details
The field is owned by Canadian Natural Resources.
Production from Horizon (CNRL)
The Horizon (CNRL) oil sands field recovered 15.57% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 270.65 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2103. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4,133.26 Mmboe, comprised of 4,133.26 Mmbbl of crude oil & condensate. Horizon (CNRL) oil sands field reserves accounts 10.85% of total remaining reserves of producing oil sands fields globally.
About Canadian Natural Resources
Canadian Natural Resources Ltd (Canadian Natural) is an independent upstream oil and gas company. It carries out acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). The company’s product offering includes light and medium crude oil and NGLs, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), synthetic crude oil (SCO) and natural gas. Canadian Natural’s operations are focused in North America, mostly in Western Canada; the UK portion of the North Sea; and offshore Africa. The company maintains certain midstream activities within Western Canada that includes an electricity co-generation system, pipeline operations, and an equity interest in the North West Redwater Partnership. Canadian Natural is headquartered in Calgary, Alberta, Canada.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.