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Husky Energy Reduces Capex for 2015
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Husky Energy has provided 2015 guidance and operational update.
CEO Asim Ghosh said: "We continue to steer a steady ship through stormy waters. Our strong financial position and resilient portfolio are helping weatherproof our business against current market conditions."
Production growth in 2015 will be back-weighted towards the end of the year, with volumes averaging 325,000 to 355,000 barrels of oil equivalent per day (boe/day). The forecast reflects natural production declines as well as several planned turnarounds that are expected to impact production by about 8,000 boe/day. It also takes into account rig availability at the South White Rose satellite extension, which is now expected to start up in mid-2015.
Approximately 40,000 barrels per day (bbls/day) in new production is expected…
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