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upgraders
Photo: Canadian Natural Resources
industry
upgraders
Synthetic crude from Canadian Natural’s Horizon project hit the market in 2009.
Horizon
In building the Horizon project, Canadian Natural Resources acted as its own primary contractor. The company says that doing so has given it a core competency in executing large-scale projects from the ground up. Canadian Natural has announced that it plans to sanction the second phase of Horizon later in 2010.
Location: North Athabasca
H E AV Y O I L & O I L S A N D S G U I D E B O O K & D I R E C T O R Y V
Ownership: Canadian Natural Resources (100%)
Production start:
Bitumen capacity:
135,000 bbl/d
Products capacity:
114,000 bbl/d
60
Project: Horizon
2008
Products: Synthetic crude oil
2009 products (to Sept. 30):
39,736 bbl/d
2008 products (to Sept. 30):
n/a
2009 price per barrel (to Sept. 30):
$69.11
2008 price per barrel (to Sept. 30):
n/a