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Husky Energy's Saskatchewan Thermal Project Online
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Husky Energy has commenced production at its Edam East Lloyd Thermal Project in Saskatchewan, the first of three thermal developments scheduled to come online this year.
First oil at the 10,000 barrels per day (bbls/day) development was achieved about seven weeks following the startup of steaming operations.
"Our growing portfolio of heavy oil thermal projects continues to lead Husky's transition into a low sustaining capital business," said CEO Asim Ghosh. "Edam East is another example of the quick ramp ups that we've come to expect from these developments, which have operating costs amongst the lowest in the industry."
Husky's operating costs for its Lloyd thermal product line averaged about $7 per barrel, including energy, in the fourth quarter of 2015.
Two additional Lloyd thermal…
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