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Company Description

Contact Info

707-8th Avenue SW

PO Box 6525

Station D

Calgary, AB T2P 3G7

Canada

Phone: 403-298-6111

Fax: 403-298-7464

220 kilometers west of the North Sumbawa II Block. The block covers an area of 2,030,000 acres (8,215 square kilometers) with main prospective locations in water depths of 800 to 1,300 meters. The PSC requires the acquisition of 2-D and 3-D seismic data during the first three years of the contract. In 2015, such a seismic acquisition program was carried out and results are being evaluated to determine potential for future drilling opportunities. Atlantic Region Husky’s offshore East Coast exploration and development program is focused in the Jeanne d’Arc Basin on the Grand Banks, which contains the Hibernia and Terra Nova fields, the White Rose field and satellite extensions, including North Amethyst, West White Rose and the South White Rose Extensions, and the Flemish Pass Basin, which contains the Mizzen, Bay du Nord and Harpoon discoveries. Husky is the operator of the White Rose field and satellite extensions, and holds an ownership interest in the Terra Nova field as well as in a number of smaller undeveloped fields. Husky also holds significant exploration acreage offshore Newfoundland. White Rose Oil Field The White Rose oil field is located 354 kilometers off the coast of Newfoundland and Labrador. The company is the operator of the White Rose field and satellite tiebacks, including the North Amethyst, West White Rose and South White Rose extensions. The company has a 72.5 percent working interest in the core field and a 68.875 percent working interest in the satellite fields. Terra Nova Oil Field The Terra Nova oil field is located approximately 350 kilometers southeast of St. John’s, Newfoundland in 91 to 100 meters of water. The Terra Nova oil field is divided into three distinct areas, known as the Graben, the East Flank and the Far East. As at December 31, 2015, there were 14 development wells drilled in the Graben area, consisting of 8 production wells, 3 water injection wells and 3 gas injection wells. In the East Flank area there were 14 development wells, consisting of 8 production wells and six water injection wells. East Coast Exploration The company holds working interests ranging from 5.8 percent to 73.125 percent in 23 significant discovery areas in the Jeanne d’Arc Basin and the Flemish Pass Basin, offshore Newfoundland and Labrador and Baffin Island. Heavy Oil Lloydminster Heavy Oil and Gas The majority of the company’s heavy oil assets are located in the Lloydminster region of Alberta and Saskatchewan, with lands consisting of approximately 2 million acres. The company operates approximately 4,500 wells in the area, with a 100 percent working interest in the majority of these wells. The company’s horizontal drilling program in 2015 included the completion of 36 wells. The company is planning to drill one horizontal oil well in 2016. Non-Thermal Enhanced Oil Recovery The company operated five solvent EOR pilot programs in 2015 and a CO2 capture and liquefaction plant at the Lloydminster Ethanol Plant. This liquefied CO2 is used in the ongoing EOR piloting program. Oil Sands Sunrise Energy Project The Sunrise Energy Project is an in-situ SAGD oil sands project located in the Athabasca region of northern Alberta. The project would be developed in multiple phases with Phase 1 consisting of two 30,000 barrels per day (bbls/day) steam plants (Plants 1A and 1B). Undeveloped Oil Sands Assets The company holds in excess of 600,000 acres in net undeveloped oil sands leases and has a 100 percent working interest in all except in Athabasca South, in which the company has a 50 percent working interest. The undeveloped oil sands leases include the Saleski asset covering approximately 241,000 acres located north of Wabasca, Alberta. Western Canada (excluding Heavy Oil and Oil Sands) Northwest Western Canada northwest development operations are located primarily in north and central Alberta from the foothills in western Alberta to Slave Lake and Grande Prairie in northern Alberta. Husky operates 85 facilities in the area, including the Ram River Gas Plant in which the company has an average 85 percent working interest. Production in 2015 from the n

 

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