White Rose field achieves production milestone

One hundred million barrels of crude oil have been produced from the White Rose oil field, according to Husky Energy.

Offshore staff

CALGARY, Canada -- One hundred million barrels of crude oil have been produced from the White Rose oil field, according to Husky Energy. The milestone was reached on Aug. 14, 2008.

Present reservoir production capacity at the White Rose field is 120,000 b/d. An infill production well is currently being drilled, and is expected to come onstream in 3Q 2008.

The company also reports that work continues to progress at its North Amethyst satellite field, the first of three tiebacks identified at the White Rose satellite development. Major contracts have been awarded for fabrication of subsea equipment, flowlines, and manifolds. A project team based in St. John's continues to advance engineering, design, and future development of all three tie-ins and first oil from North Amethyst is projected for early 2010.

A pilot well is planned for North Amethyst this summer, with development drilling to begin later this year. A pilot well is also planned for the West White Rose area, to help refine reserve estimates in this portion of the field, the company says.

Husky has engaged two drilling rigs to assist in its growth plans. In January, the Company signed theGSF Grand Banks to a three-year contract extension, and has since entered a rig sharing agreement with other operators to bring the Henry Goodrich back to Newfoundland waters.

In addition, Husky continues a seismic acquisition program in the Jeanne d'Arc basin. The 2,500 sq km (965 sq mi) program on the East Coast will encompass exploration lands held jointly with StatoilHydro, as well as other Husky-operated exploration licenses and the White Rose core and growth lands.

08/15/2008

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