White Rose development resumes

Offshore staff

CALGARY, Alberta -- Drilling on the North Amethyst satellite subsea tieback offshore Canada’s East Coast has resumed with the return of the GSF Grand Banks drilling rig, according to operator Husky Energy. The rig is completing the first production well, with first oil expected in the second quarter of this year.

Production from the White Rose oil field offshore Canada is expected to increase in the latter part of this year as wells from the North Amethyst satellite are drilled and tied in, Husky says.

The company and its partner have extended the agreement for Grand Banks to develop White Rose and other areas in the Jeanne d’Arc basin offshore Newfoundland.

Meanwhile, the Canada-Newfoundland and Labrador Offshore Petroleum Board has granted Husky and its partner a license for the discovery in the Mizzen area in the Flemish basin offshore Newfoundland.

4/29/2010



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