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February 10, 2016 6:59 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Husky Oil Operations Limited

Company Overview

Husky Oil Operations Limited explores and produces oil, natural gas, and sulphur. The company also transports and wholesales petroleum and petroleum products. It operates in Lloydminster, Rainbow Lake, Prince George, Rocky Mountain House, Slave Lake, and North East British Columbia. Husky Oil Operations Limited is based in Calgary, Canada. Husky Oil Operations Limited operates as a subsidiary of Husky Energy Inc.

707-8th Avenue SW

Station D

Box 6525

Calgary, AB T2P 3G7






Key Executives for Husky Oil Operations Limited

Chief Financial Officer and Vice President
Chief Operating Officer of Operations and Refining
Compensation as of Fiscal Year 2015.

Husky Oil Operations Limited Key Developments

Husky Oil Operations Limited Signs Production Sharing Contract

Husky Oil Operations Limited has signed a production sharing contract, or PSC, for an exploration block offshore China. The 15/33 block is located in the Pearl River Mouth Basin in the South China Sea, about 140 kilometres southeast of Hong Kong, in water depths of approximately 80-100 metres. Husky expects to drill two wells on the 155 square-kilometre block in the 2017 timeframe. Husky is the operator of the block during the exploration phase, with a working interest of 100%. In the event of a commercial discovery, its partner CNOOC may assume a working interest of up to 51% during the development and production phase. Exploration cost recovery from production would be allocated to Husky.

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