Husky Energy (TSX:HSE) today announced that it will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project.
The decision reinforces Husky’s objective to prevent the transmission of the COVID-19 virus among its employees, contractors, and the community. The Company carefully assessed the risks and determined they could not be adequately mitigated for such a large construction workforce.
“We are taking the steps necessary to keep our people and our construction sites safe,” said CEO Rob Peabody. “These are the right decisions for our people, their families and the community.”
Husky is working cooperatively with its contractors to safely suspend all activities, and to demobilize and secure its construction sites.
Production from the White Rose field and its satellite extensions, located 350 kilometres off the coast of Newfoundland and Labrador, is continuing with enhanced workforce control measures introduced to ensure the ongoing safe operations on the SeaRose floating production, storage and offloading vessel.
Husky will provide a business and capital spending plan update in due course.
About Husky
Husky (TSX:HSE) is an integrated energy company headquartered in Calgary, Alberta. It has approximately 5,200 employees and has average daily production of about 320,000 barrels of oil equivalent per day.
The Company has two main areas of focus:
- The Integrated Corridor includes natural gas, non-thermal oil, NGLs and thermal production from Western Canada, the Lloydminster upgrading and asphalt refining complex, the Husky Midstream Limited Partnership (35 percent working interest and operatorship), and the Lima and Toledo refineries in the U.S. Midwest. Gas production from the repositioned Western Canada portfolio is closely aligned with the Company’s energy requirements for refining and thermal bitumen production, and acts as a natural hedge.
- The Offshore business includes operations and exploration in the Asia Pacific region, primarily offshore China, Indonesia and Taiwan, and in the Atlantic, offshore Newfoundland and Labrador. Each area generates high-netback production, with near and long-term investment potential.