Husky seeks White Rose bids

Husky Energy Inc. is evaluating the viability of producing and transporting natural gas from its White Rose Field, 350 km offshore Newfoundland and Labrador.

Husky Energy Inc. is evaluating the viability of producing and transporting natural gas from its White Rose Field, 350 km offshore Newfoundland and Labrador.
Husky is soliciting expressions of interest from contractors and engineering firms to assess the key technical, economic, and regulatory issues regarding development on the Grand Banks, as well as the capital and operating costs of such a development.
Following a review of conceptual designs, Husky says it may select one or more firms to participate in a request for proposal process, outlining the potential project's broad objectives and expected deliverables.
The Newfoundland and Labrador offshore area holds an estimated 2.1 Bbbl of oil and 9.6 Tcf of natural gas. White Rose has an estimated 2.7 Tcf of gas. Husky owns 72.5% of the White Rose offshore development. The project has a capital cost of C$2.35 billion and is scheduled to begin producing oil by the end of 2005 or early 2006.

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