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August 2008

Vol. 13, No. 34 Week of August 24, 2008

Offshore Newfoundland production pushes 1 billion barrels per day

Husky Energy said its White Rose oil field offshore Newfoundland has pumped its first 100 million barrels, 27 months after coming on stream, pushing the region‘s three producing fields close to the 1 billion barrel mark.

Husky, with Petro-Canada as its partner, said the White Rose field has been a “tremendous success … providing strong reservoir performance and high facility uptimes.” The current reservoir production capacity is 120,000 barrels per day. An infill well is currently being drilled and is due on stream in the current quarter.

Work is also underway at the North Amethyst satellite field, the first of three tiebacks identified at the White Rose satellite development with the first oil projected for early 2010 and major contracts have been awarded.

Of Newfoundland’s other two fields, Hibernia has yielded 594.4 million barrels since its launch in 1997 and Terra Nova has delivered 240 million barrels since January 2002.

—Gary Park






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