Husky Energy starts production at South White Rose extension

6/29/2015

CALGARY, Alberta -- 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," said CEO Asim Ghosh. "Both of these projects extend the life of the main White Rose field and use the SeaRose FPSO 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 bopd following the startup of the second well.

New production from South White Rose and the planned Hibernia-level formation well beneath North Amethyst field is anticipated to offset the impact of natural declines in the region.

Other Activities

• The Hibernia-level formation well beneath North Amethyst field is expected to begin production in the fourth quarter, with forecast net peak production of 5,000 bopd.

• Husky 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% working interest in the Bay du Nord discovery.

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

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