Capital Efficiencies Capital Expenditures: 3.0-3.1 Billion 5.1 Capital spending Major projects behind us CDN Billions Corporate Shifting capital towards short payback Downstream opportunities Asia Pacific Dialing back…
Foundation Transformation Heavy Oil Thermal portfolio continues to expand 22,300 bbl/d in 10 to 54,600 bbl/d in 14 Rush Lake on production, currently producing at 12,000 bbl/d Three more in-flight projects add 24,500 bbl/d of new…
Foundation Transformation Thermal Portfolio Current/ Thermal Oil Economics Forecast Net Barrels Thermal First Oil Production Produced Metrics Target1 Project Date Rate* (bbls/d) (mmbbls) Pikes Peak 1984 4,400 74.0 Construction Time…
Foundation Transformation Western Canada 14 base production from Western Canada 146,000 boe/d (62% gas) Resource play production has grown from 14,000 boe/day in 10 to 34,000 boe/day in 14 Current focus: Ansell Cardium/Wilrich…
Foundation Transformation Downstream Improved flexibility of feedstock Strategic investment in gathering system and storage facilities Increased product mix New capital equipment and upgrades Expanded market access Increased…
Growth Area Asia Pacific Region Liwan 3-1 and Liuhua 34-2 Fixed price and volume Q2 2015: 14.50/mmcf Forecast 290-320 mmcf/day (gross) in 2015 Husky 49% working interest Liuhua 29-1 (17-19) Low cost production addition Will…
Growth Area Oil Sands Sunrise Energy Project producing Current production 11,000 bbl/d (gross) Phase 1 ramping up to 60,000 bbls/d (gross) around end of 16 (Husky 50% W.I. / operator) 170 years project life at 60,000 bbls/d…
Growth Area Atlantic Region Satellite extensions stabilizing production South White Rose Extension on stream (June 15) Peak production of 15,000 bbl/day (net) Combines gas injection and oil production to improve returns North…
Line of Sight to Near-Term Profitable Production Near-term production adds of 85,000 bbls/day (net) by end 16 85 Production Projects Sunrise Energy Project Phase 1 (on production) South White Rose Extension (on production)…
Structural Changes and Efficiencies - More Capital for Profitable Growth 2010 2012 2014 2016 (287 mbbl/d) (301.5 mbbl/d) (340.1 mbbl/d) Forecast Exit Rate 23% 40% 8% 12% Low Sustaining Capital Production* Remainder of…