about 1,000 full-time jobs expected Canadian Natural budget rises $250 million on curtailment ease – additional rigs, jobs for Alberta Dec 4, 2019 11:57 AM

CALGARY – Canadian Natural Resources Ltd. says its 2020 capital budget will be $250 million higher than last year as it adds about 60 drilling locations across Alberta and puts three additional rigs to work.

The company says the increased spending will create the equivalent of about 1,000 full-time jobs.

Canadian Natural says it made the decision after the Alberta government eliminated curtailments for some conventional drilling in the province, and because of reduced corporate income tax rates.

It also says that it would look to put six more drill rigs to work if the government expanded the elimination of curtailment to include newly drilled conventional heavy oil wells.