The company will use the net proceeds from the sale of the notes to repay bank indebtedness and for general corporate purposes.
The company priced the unsecured notes at a cost of C$99.937 ($97.7) per note to yield 3.06% to maturity, which are due on 19 June 2019.
CIBC World Markets and RBC Dominion Securities acted as joint lead agents and joint bookrunners for the offering.
BMO Nesbitt Burns, Scotia Capital, Merrill Lynch Canada, Desjardins Securities and Altacorp Capital acted as co-agents.
Under the short form Canadian base shelf prospectus, the issuance of debt securities in an aggregate principal amount of up to C$3bn ($2.93bn) is allowed.
Canadian Natural Resources is a senior oil and natural gas production company.
