Exploration & Production | Oil Sands | Oil Sands Projects
Husky Ramps Up 2014 Guidance After Jump in Oil Sands Reserves
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Husky Energy's reserves growth outpaced its production in 2013 as a result of the addition of reserves in its Oil Sands business, the full-scale development of the Ansell liquids-rich gas resource play and increased heavy oil recovery from thermal developments in Western Canada.
Highlights:
Average proved three-year reserves replacement ratio of 172 percent, excluding economic factors 1.3 billion barrels of oil equivalent (boe) total proved reserves before royalties Proved reserves life index of 11.1 years, up from 10.3 in 2011 and 10.8 in 2012Husky has increased its 2014 production guidance to the range of 330,000 to 355,000 boe/day and remains on track to achieve its production growth rate target of five to eight percent from 2012 through 2017.
The Company has realized an average…
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