Husky Eyes Third Offshore Project

Wednesday, January 18, 2006
Calgary-based Husky Energy Inc. said it will spend $298.5 million on its East Coast operations, including exploration and that it had acquired rights to two more parcels in the Jeanne D'Arc Basin, the area in which its White Rose project is located. Husky has promised to spend $31.1million over the next five years in those newly acquired areas, accounting for the large majority of the $33.8 million bid in exploration rights in the 2005 sale. The company's effort for this year includes work to delineate the reservoirs feeding the White Rose project, which began producing oil late last year. Discoveries on that part of the effort could be tied into existing infrastructure. The company has hopes of a major discovery that could justify a third project, in addition to White Rose and Husky's one-eighth stake in Terra Nova. There could be substantial competition for the equipment if the surge in seismic data collection last year translates into exploration activity this coming drilling season. The amount of three-dimensional seismic data collected last year nearly quadrupled, rising to 372,891 common midpoint kilometers from 101,382 in 2004. Last year's seismic effort shattered the previous record, set in 2000, and is seen in Newfoundland as an early sign of a strong pace of investment by the oil industry. (Source: www.theglobeandmail.com)
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Yamal LNG Arctic Project in Doldrums

The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

Environmental

Panama Canal Suspends Draft Restriction

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.

Exhaust Gas Scrubber Guide Updated

An updated version of the “Exhaust Gas Cleaning Systems Selection Guide” is now available, the U.S. Maritime Administration (MARAD) announced today.   Developed

Tropical Storm Erika Heads for Florida

Tropical Storm Erika lashed Puerto Rico and the Virgin Islands with heavy rain and fierce winds on Friday, moving across the Caribbean and apparently heading for the Dominican Republic,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3842 sec (3 req/sec)