Husky on track for planned 2014 production growth

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.

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

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