Husky Energy planning capital spending hike for 2017

Husky Energy Inc., Calgary, reported on plans to spend $2.6-2.7 billion (Can.) in capital expenditures in 2017, an increase over this year’s likely $2-billion tally.

Production for 2017 is expected to average 320,000-335,000 boe/d, while average production for 2016 is expected to be within guidance at 318,000-320,000 boe/d.

Husky said thermal production is expected to average 125,000 b/d in 2017, a more than 30% jump from this year’s thermal production.

Planned maintenance upstream includes 3-week turnarounds in the third quarter in the North Atlantic at the SeaRose and Terra Nova floating production, storage, and offloading vessels.

Downstream in the second quarter, Husky plans a 4-week turnaround at the Lloydminster asphalt refinery and a 7-week turnaround at the Lloydminster upgrader. A 5-week turnaround is scheduled in the fourth quarter for the refinery in Lima, Ohio.

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