Offshore staff

ALBERTA, Canada -- Husky Energy Inc. has completed 20-year sales agreements with Parna Raya, Inti Alasindo Energy, and Perusahaan Gas Negara for gas from the Madura BD field offshore Indonesia.

The agreements with Parna Raya and Inti Alasindo Energy are each for 40 Mcf/d of gas. The agreement with PGN is for 30 Mcf/d of gas. First production from the field is expected in 2011.

Husky has submitted a plan of development to the Government of Indonesia and is negotiating an extension to the Madura Strait PSC. According to Husky, contracting for front-end engineering design of offshore facilities and pipelines will begin shortly.

The Madura BD field is estimated to contain reserves of 93 bcf of natural gas and 6 MMbbl of condensate with contingent resources of 422 bcf of natural gas and 17 MMbbl of condensate as of Dec. 31, 2006.

10/31/2007