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Mystery leaks lead regulator to nix Canadian Natural request to resume Primrose operations

  • Canadian Natural Resources (CNQ) remains haunted after nearly a year of unexplained leaks at its Primrose oil sands production site, as Alberta's energy regulator turned down its application to resume steaming operations in the affected area "in light of the ongoing investigation into the leaks at Primrose."
  • The decision came on Friday, just a day after CNQ CEO Steve Laut told analysts the issue was “totally solvable” and that the company hoped to restart steaming in the impacted area in March or April.
  • The mysterious subterranean leaks of oily water, which now total more than 7K barrels of crude, were first detected last May and led regulators to impose an indefinite ban on some steaming operations at Primrose.
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