Canada's Husky Energy is moving forward with the West White Rose Project offshore Newfoundland and Labrador.
The Company and its partners will use a fixed wellhead platform tied back to the SeaRose floating production, storage and offloading vessel.
First oil is expected in 2022 and the project is anticipated to achieve a gross peak production rate of approximately 75,000 barrels per day in 2025, as development wells are drilled and brought online.
“Over the years the Atlantic business has provided some of the strongest returns in the Company’s portfolio and West White Rose is the next chapter,” said CEO Rob Peabody. “Moving forward with this project is a significant milestone for Husky, while creating jobs, royalties and other benefits for Newfoundland and Labrador.”
Husky says significant direct employment, as well as business and other industrial benefits, will be provided to Newfoundland and Labrador, including more than $3 billion in provincial royalties, equity and taxes and more than 10 million person-hours of employment during the engineering and construction phases.
The project is expected to create approximately 250 permanent platform jobs once operational.
Husky has a working interest of approximately 70 percent. Project partners are Suncor Energy and Nalcor Energy.
image: Husky Energy INC.