Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Oil Sands | Production Rates
Heavy Oil Steadily Pushing Up Production for Husky Energy
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Husky Energy has announced second quarter results
CEO Asim Ghosh said: "Our continued investment in longer-wavelength projects such as heavy oil thermals, resource plays and oil sands provide steady production and more predictable cash flow to support our growth projects in the Asia Pacific and the Atlantic Regions.
Our new thermal developments are delivering well above their nameplate designs and production was further boosted this quarter by strong performance from our resource plays and the start up of the Liwan Gas Project."
Net earnings were $628 million, up approximately four percent from $605 million in the second quarter of 2013. Cash flow from operations was $1.50 billion, up from $1.45 billion a year ago. Upstream production averaged 334,000 barrels of oil equivalent per day…- ✓ Full news archive — U.S., Canada & international coverage
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