Industry Oil Sands Mine Website www.cnrl.com Founded 28 February 2009 | Products Petroleum, SCO Headquarters Fort McMurray | |
 | ||
Key people Peter Janson (Senior Vice-President, Horizon Operations) Parent organization Canadian Natural Resources | ||
Horizon Oil Sands The Horizon Oil Sands project (or "Horizon") is an oil sands mining and upgrading project. Horizon "include[s] a surface oil sands mining and bitumen extraction plant, complimented by on-site bitumen upgrading with associated infrastructure to produce high quality SCO." Horizon is 100% owned and operated by Canadian Natural Resources Limited. Canadian Natural holds extensive leases that are estimated to contain approximately 14.4 billion barrels of bitumen initially in place (BIIP), with best estimate contingent resources other than reserves of 4.1 billion barrels of bitumen and 3.3 billion barrels of proved and probable SCO reserves. The Horizon Oil Sands are located on these leases just north of Fort McMurray, Alberta in the Athabasca region. Due to the massive resource base, the mine and plant facilities are expected to produce for decades to come without production declines normally associated with crude oil production.