Husky gets go-ahead on White Rose development plan

Husky Energy (TSX:HSE) has received regulatory approval on an amended South White Rose field development plan, the third satellite extension at the White Rose field in the Atlantic Region.

Offshore staff

CALGARY, Canada – Husky Energy (TSX:HSE) has received regulatory approval on an amended South White Rose field development plan, the third satellite extension at the White Rose field in the Atlantic Region.

Husky is targeting approximately 20 MMbbl of oil from South White Rose, and the amendment allows access an additional estimated 6.5 MMbbl of incremental production from the South Avalon Terrace on the southern tip of the main White Rose field.

South White Rose, 350 km (217 mi) offshore Newfoundland and Labrador, will be developed via subsea tie-back to the SeaRose FPSO vessel. Development is under way with gas injection anticipated to begin in 2013 and first oil production planned for 2014.

6/5/13

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