Husky on track for planned 2014 production growth

Offshore staff

CALGARY, Canada – Husky Energy reports it is on track for production growth in 2014, supported by consistent performance from all segments of the business and also by the beginning of production from its Liwan Gas Project in the Asia/Pacific region. The company’s growth pillars are the Asia/Pacific, the oil sands, and the Atlantic.

Liwan leads Husky's Asia/Pacific growth, and it is the first of several major projects across the company to come onstream. Husky has also made a new natural gas discovery in the Madura Strait offshore Indonesia. This follows four shallow-water gas discoveries made in the Strait in the 2012.

In the northern Atlantic, gas injection is expected to begin in the coming weeks at the South White Rose extension, and first oil production is on track for late 2014. Husky is also working with its partner Statoil to secure a rig to accelerate drilling activities in the prospective Flemish Pass basin. If successful, Husky’s Atlantic Region capital investment may increase by approximately $150 million.

12/11/2013

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...