Canadian Natural Resources Limited announced it has completed the acquisition of Chevron Canada Limited’s Alberta assets, which include a 20% interest in the Athabasca Oil Sands Project and a 70% operated interest in light crude oil and liquids rich Duvernay assets. Canadian Natural now owns 90% of AOSP, which includes the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility. The acquisition also includes various working interests in a number of other non-producing oil sands leases. The Company targets production from these acquired assets to be approximately 122,500 BOE/d(1), consisting of 62,500 bbl/d of long life no decline Synthetic Crude Oil at AOSP and approximately 60,000 BOE/d from the Duvernay, comprising 179 MMcf/d of natural gas and 30,000 bbl/d of liquids. Both acquisitions provide Canadian Natural with immediate free cash flow generation and further opportunities to drive long-term shareholder value. Canadian Natural welcomes the Chevron employees that will be joining as part of the acquisitions to its Field and Calgary head office teams.