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Husky Energy to Increase Oil Production and Capital Spending Next Year

Husky Energy, December 13, 2016

Calgary-based Husky Energy recently announced that the company plans to spend $2.6 - $2.7 billion on capital projects next year, up from $2 billion in 2016. Husky is also planning to add approximately 45,000 barrels per day (bbls/day) of new higher return production, with average production for 2017 expected to be in the range of 320,000-335,000 barrels of oil equivalent per day (boe/day).  Husky Energy is one of Canada's largest integrated energy companies.  In addition to its exploration and production operations, Husky owns and operates an upgrader in Lloydminster, Saskatchewan, an asphalt refinery in Lloydminster, Alberta, ethanol plants in Minnedosa, Manitoba and Lloydminster, Saskatchewan, and refineries in Prince George, B.C. and Lima, Ohio. It also has a 50 percent ownership interest in a refinery in Toledo, Ohio.

The company's 2017 planned maintenance and turnaround schedule is as follows:

  • Upstream
    • A three-week turnaround is planned at the SeaRose FPSO (floating production, storage and offloading) vessel in the third quarter.
    • A three-week turnaround at the partner-operated Terra Nova FPSO is scheduled in the third quarter.
  • Downstream
    • A four-week turnaround is planned at the Lloydminster asphalt refinery in the second quarter.
    • The Lloydminster Upgrader will undergo a seven-week turnaround beginning in the second quarter.
    • A five-week turnaround is scheduled at the Lima Refinery in the fourth quarter.

 

Click here to read the full article from Husky Energy.


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