100 million barrels: Husky marks milestone at White Rose field
Crews pumping oil at the White Rose field off Newfoundland's east coast have marked a milestone, operator Husky Energy said.
On Thursday, the company passed the 100 million mark for barrels of oil pumped at White Rose, which launched production in November 2005.
"The project has provided significant returns to our shareholders and the people of Newfoundland and Labrador," Husky chief executive officer John Lau said in a statement.
White Rose was the third field to move into production in Newfoundland and Labrador's burgeoning petroleum industry.
Lau said production has topped 120,000 barrels per day, and that the field reached top-tier royalty payments this March.
Meanwhile, Husky is working on expansion plans in the White Rose area.
Engineering work is continuing on a satellite field known as North Amethyst, and a pilot well will be drilled this summer, Lau said. Husky has hired two drilling rigs to work on its expansion plans.
0 comments:
Post a Comment