husky energy inc (HUSKF) Key Developments
Husky Energy Commences Production at the Rush Lake Heavy Oil Thermal Project in Saskatchewan
Jul 17 15
Husky Energy has commenced production at the Rush Lake heavy oil thermal project in Saskatchewan. First oil at the 10,000 barrels per day (bbls/day) development was achieved eight weeks following the startup of steaming operations and just two years after project sanction. The project is expected to reach its nameplate production capacity around the end of 2015. Current production from thermal projects is approximately 44,000 bbls/day. Including Rush Lake, the company expects to add another 34,500 bbls/day over the next 18 months as it further advances its low-risk, modular construction templates and thermal technologies. Additional thermal projects in the Lloydminster region are being evaluated, with three near-term projects currently under construction: The 10,000 bbls/day Edam East project is expected to start up in the third quarter of 2016. The 4,500 bbls/day Edam West thermal development is due to commence production in the fourth quarter of 2016. The 10,000 bbls/day Vawn project is scheduled to come onstream in the fourth quarter of 2016.
Husky Energy Announces Sunrise Energy Project Production Update
Jul 6 15
Husky Energy is continuing to ramp up production at the Sunrise Energy Project in northeast Alberta. Sunrise began producing bitumen in mid-March 2015. Twenty-five well pairs are now on production, with steaming under way on 43 of 55 well pairs. Strong reservoir and facility performance has contributed to increasing production volumes averaging 5,000-5,500 barrels per day at the end of June 2015, ahead of plan. Sunrise production is expected to increase to full capacity of about 60,000 bbls/day around the end of 2016. The project is an important element in the plan to add approximately 85,000 bbls/day of new production by the end of 2016, a portion of which is anticipated to offset natural declines across the Company's overall portfolio.
Husky Energy Begins Oil Production at South White Rose Extension
Jun 29 15
Husky Energy has started production from the South White Rose project in the Jeanne d'Arc Basin offshore Newfoundland and Labrador. South White Rose is Husky's second major subsea satellite tieback following the successful North Amethyst subsea project. Both of these projects extend the life of the main White Rose field and use the SeaRose FPSO (floating production, storage and offloading) vessel. The SeaRose has a strong track record for reliability, with uptime of approximately 96% in 2014. The first well has been brought online and the second well is scheduled to start up in late summer. Net peak production from the South White Rose extension is expected to ramp up to about 15,000 barrels per day (bbls/day) following the startup of the second well. New production from South White Rose and the planned Hibernia-level formation well beneath the North Amethyst field is anticipated to offset the impact of natural declines in the region.
Husky Energy Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015 10:30 AM
May 25 15
Husky Energy Inc. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015 10:30 AM. Venue: The Ritz Carlton Battery Park Hotel, New York, New York, United States. Speakers: Robert J. Peabody, Chief Operating Officer.
Husky Energy Starts Commercial Steam Operations at Rush Lake Heavy Oil Thermal Project in Saskatchewan
May 21 15
Husky Energy has started commercial steam operations at the 10,000 barrels per day (bbls/day) Rush Lake heavy oil thermal project in Saskatchewan, approximately eight weeks ahead of schedule. Like the Company's other thermal projects, Rush Lake is expected to ramp up to full production in a short time period. Current production from thermal projects is approximately 44,000 bbls/day. Including Rush Lake, heavy oil thermal production is expected to add another 34,500 bbls/day over the next 18 months. The 10,000 bbls/day Edam East project is scheduled to come onstream in the third quarter of 2016. The 3,500 bbls/day Edam West thermal development has been reconfigured to a capacity of 4,500 bbls/day and is set to begin production in the fourth quarter of 2016. The 10,000 bbls/day Vawn project is expected to start up in the fourth quarter of 2016. The Company's producing and planned suite of thermal projects include: Pikes Peak (1984), Bolney/Celtic (1996), Paradise Hill (2012), Pikes Peak South (2012), Rush Lake pilot (2012), Sandall (2014), Rush Lake (2015), Edam East (2016), Edam West (2016), Vawn (2016).