CALGARY — Canadian Natural Resources Ltd. says it expects about $4.3 billion in capital spending this year, up from nearly $3.5 billion in 2021.
The company says its plan includes $3.6 billion in base capital spending and $700 million in strategic growth spending.
Production for 2022 is expected to be between 1,270,000 and 1,320,000 barrels of oil equivalent per day.
Production in 2021 was estimated at 1,235,000 boepd.
Canadian Natural president Tim McKay said production this year is targeted to consist of about 46 per cent light and synthetic crude oil, 28 per cent heavy crude oil and 26 per cent natural gas, at the midpoint of the production range.
Canadian Natural has operations in Western Canada, the North Sea and offshore Africa.
This report by The Canadian Press was first published Jan. 11, 2022.
Companies in this story: (TSX:CNQ)
The Canadian Press
News from © The Canadian Press, 2021. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0050 Pride Upkeep lawn0050 Pride Upkeep lawn
- 0048 Hutts Trucking Safety0048 Hutts Trucking Safety
- 0047 Estevan Oilfield Technical Society 20230047 Estevan Oilfield Technical Society 2023
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0044 PTRC CCUS Aquistore0044 PTRC CCUS Aquistore
- 0043 ALX ten sizes0043 ALX ten sizes
- 0039 Summit ESP Saskatchewan lower third0039 Summit ESP Saskatchewan lower third
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0040 Southeast College safety tickets0040 Southeast College safety tickets
- 0032 IWS Summer hiring rock trailer music
- 0029 Latus Viro updated Latus phone
- 0025 Kendalls
- 0023 LC Trucking tractor picker hiring mix
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0019 Jerry Mainil Ltd hiring dugout
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0006 JK Junior
- 0004 Royal Helium PO Ad 02