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Husky Energy discovers oil resources in White Rose area
Thursday, November 26, 2009 10:52 AM


(Source: Datamonitor)trackingCanadian energy company Husky Energy has announced the discovery of additional oil resources in the White Rose area located offshore eastern Canada.

The North Amethyst E-17 well was drilled in fall 2008 to delineate the Ben Nevis Avalon Formation (the producing formation at White Rose) and to explore the potential of a second, deeper horizon called the Hibernia Formation.

The Hibernia Formation encountered 55m net of oil-bearing reservoir containing an estimate of discovered petroleum-initially-in-place of 30 million to 85 million barrels of light crude oil. Initial studies indicate that these resources could be developed from the recently installed satellite infrastructure at North Amethyst.

Husky Energy is the operator of the White Rose oil field, and holds a 72.5% working interest while Suncor Energy holds the remaining 27.5% working interest. Husky Energy holds a 68.875% working interest in the North Amethyst satellite field with Suncor's working interest at 26.125% and Nalcor Energy's working interest at 5%.

A service of YellowBrix, Inc.



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