Husky Energy starts production from South White Rose project

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3 July 2015, Oil, LPG

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"South White Rose is Husky's second major subsea satellite tieback following the successful North Amethyst subsea project," said CEO Asim Ghosh. "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 percent 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.

The Hibernia-level formation well beneath the North Amethyst field is expected to begin production in the fourth quarter, with forecast net peak production of 5,000 bbls/day. The Company continues to advance its assessment of both the subsea and wellhead platform concepts in relation to the development of the West White Rose satellite field. In the northern Flemish Pass Basin, the West Hercules rig is continuing an 18-month exploration and appraisal program in the Bay du Nord discovery area. Husky holds a 35 percent working interest in the Bay du Nord discovery.

Husky is the operator of South White Rose, holding a 72.5 percent working interest in the main White Rose field and a 68.9 percent interest in the satellite fields, which include North Amethyst, South White Rose and West White Rose.

Source: MarketLine

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