Husky gets approval for White Rose extension development plan amendment

Husky Energy has received conditional approval on its development plan amendment for the White Rose extension project offshore Newfoundland, from the Canada-Newfoundland and Labrador Offshore Petroleum Board.

Jul 29th, 2015

Offshore staff

CALGARY, Canada– Husky Energy has received conditional approval on its development plan amendment for the White Rose extension project offshore Newfoundland, from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB).

Based on the plan amendment, C-NLOPB has altered the reserves and resources for theWhite Rose to add 165 MMbbl of oil, to decrease 5 bcf of gas, and to decrease natural gas liquids by 4 MMbbl.

C-NLOPB said Husky still is considering the investment and has made no final investment decision. One concept that already has C-NLOPB approval involves a fixed wellhead platform. An alternate development scheme uses a subsea option to develop the field extension.

White Rose is 300 km (186 mi) offshoreNewfoundland and Labrador.

07/29/2015

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