Nov. 15 (Bloomberg) -- Canadian Natural Resources Ltd., Canada's second-biggest natural-gas producer, said oil and gas production may rise about 10 percent next year, producing record amounts of cash.

The company plans to pump oil and gas equal to between 548,000 and 586,000 barrels a day, before royalties, Canadian Natural said in a Business Wire statement today. Crude oil and natural gas liquids output will rise by 13 percent from this year's midpoint forecast, while natural gas supplies will increase 7 percent, the company said.

Cash flow will be between C$4.3 billion ($3.59 billion) and C$4.5 billion, the Calgary-based company said.

To contact the reporters on this story: Tim Coulter in London at at tcoulter@bloomberg.net

Last Updated: November 15, 2004 05:43 EST