Husky hits pay with new exploration wells

Husky's SeaRose FPSO

Canada’s Husky Energy has drilled a successful exploration well in the South China Sea and made a discovery in the Atlantic region offshore Newfoundland and Labrador. 

In an update on Friday, Husky said that the successful exploration well has been drilled on Block 15/33 in the Pearl River Mouth Basin located in the South China Sea, about 160 kilometers southeast of Hong Kong.

According to the company, early results from the first of two exploration wells drilled on the 155 square-kilometer block demonstrated four oil-bearing zones with a combined thickness of about 70 meters. Water depth is approximately 80 meters. Further testing is under way to assess potential commercial development.

Husky added that, following completion of the test phase, a second exploration well targeting a separate structure on the block is planned. The company also plans to drill two exploration wells at the nearby Block 16/25 in the second half of 2018.

Husky has a working interest of 100 percent. In the event of a commercial discovery, its partner CNOOC Limited may assume up to 51 percent. Exploration cost recovery from production would be allocated to Husky.

As previously reported, Husky and CNOOC also signed two production sharing contracts for Block 22/11 and 23/07 in the South China Sea.

 

Atlantic region

 

Husky also said on Friday that its latest discovery is located approximately 10 kilometers north of the SeaRose FPSO vessel. The White Rose A-24 exploration well, which was drilled in the second quarter of 2018, encountered more than 85 meters of oil-bearing sandstone and the discovery continues to be evaluated.

Husky has a 68.875 percent ownership interest in White Rose A-24, with partners Suncor Energy (26.125 percent) and Nalcor Energy Oil and Gas (five percent).

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply