Pike 2 (CNRL) is a oil sands development located onshore Canada and is operated by Canadian Natural Resources. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025. The development cost is expected to be $1,397 m.
Field participation details
The field is owned by BP and Canadian Natural Resources.
Production from Pike 2 (CNRL)
Production from the Pike 2 (CNRL) oil sands development project is expected to begin in 2025 and is forecast to peak in 2027, to approximately 64,050 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2076.
Remaining recoverable reserves
The field is expected to recover 759.85 Mmboe, comprised of 759.85 Mmbbl of crude oil & condensate.
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.
For more details on the Pike 2 (CNRL) Oil Sands Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
