About Husky

Husky Energy is one of Canada's largest integrated energy companies. It is headquartered in Calgary, Alberta, and is publicly traded on the Toronto Stock Exchange under the symbols HSE and HSE.PR.A. The Company operates worldwide with Upstream, Midstream and Downstream business segments.

A combination of technological innovation, prudent investment, sound project management and responsible resource development allows Husky to deliver strong returns to shareholders. The Company has a well-defined and growth-oriented business plan, a stable foundation and has set course to realize value from three mid- to long-term growth pillars.

Foundation – Western Canada

Western Canada is Husky's historic foundation. With extensive conventional oil and natural gas assets, significant heavy oil production, and upgrading and transportation infrastructure, the Company is pursuing new oil and gas resource plays and using technological innovation to unlock value.

Husky is active in the exploration and production of heavy oil, light crude oil, natural gas and natural gas liquids. The Western Canada strategy is composed of growing oil resource plays, directing capital into liquids-rich gas play, de-risking dry gas plays and maintaining heavy oil production.

Husky's Western Canada base provides a strong foundation to develop three growth pillars; the Oil Sands, the Atlantic Region and the Asia Pacific Region.

Growth Pillars

Husky's foundation in Western Canada supports major growth opportunities in the Oil Sands, the Atlantic Region and the Asia Pacific Region.

Oil Sands

Husky's significant position in the oil sands is being advanced with proven technologies and responsible environmental stewardship. Unlocking the potential of this vast resource is the Sunrise Energy Project. Sunrise is a premier, in-situ oil sands development that marks the beginning of a new era for Husky in developing this increasingly important source of energy.

Atlantic Region

The Atlantic Region is a core development area for Husky. It is the operator and majority owner in the White Rose oil field and satellite expansions, including North Amethyst, the first subsea tieback offshore Canada. Husky has an ownership interest in the Terra Nova field as well as a number of other significant discoveries in the Jeanne d'Arc Basin.

Asia Pacific Region

Husky began operating in the Asia Pacific Region in 1989 and has developed a strategic growth plan to accelerate returns from its assets in the region. Its current focus is to advance three major natural gas development projects on Block 29/26 in the South China Sea, approximately 300 kilometres southeast of Hong Kong.

Midstream and Downstream

Husky is a fully integrated energy company in a specialized sense. It realizes value from its Midstream and Downstream operations by providing specialized support to developing Upstream assets, in particular its heavy oil and bitumen production.

Midstream

Husky's Midstream operations provide strategic support for the Upstream business, delivering operational excellence through safe and reliable performance.

Midstream operations encompass pipeline transportation, gas storage, cogeneration and the marketing of a wide range of petroleum-based products.

Husky's strategic plan for Midstream is focused on supporting heavy oil and oil sands production and making prudent reinvestments. Spending is focused on maintenance and optimizing existing infrastructure.

The Midstream assets are strategically located throughout Western Canada and connect with major North American transportation systems. The operations include a 2,000-kilometre crude oil pipeline system.

Downstream

Husky's Downstream operations provide strategic support for the Upstream business, delivering operational excellence through safe and reliable performance.

Downstream operations include upgrading and refining crude oil and marketing gasoline, diesel, jet fuel, asphalt, ethanol and related products in Canada and the United States.

Husky's strategic plan for Downstream is focused on supporting heavy oil and oil sands production and making prudent reinvestments.

Husky is continuing to evaluate projects to optimize, integrate and reconfigure the Lima, Ohio Refinery and is planning to reposition the BP-Husky Toledo, Ohio Refinery to accommodate Sunrise production as its primary feedstock. It is also expanding terminalling and product storage opportunities.

Retail Marketing

Husky's retail distribution network includes the wholesale, commercial and retail marketing of refined petroleum products and provides substantial income from non-fuel related revenues through Husky's convenience store, restaurant and car wash operations.

Health and Safety

Husky's strategic focus includes an unwavering commitment to process and occupational safety, and responsible and sustainable growth.

It is committed to continuous improvement of operational integrity by conducting all activities safely and reliably so that the public is protected, impact to the environment is minimized, the health and well-being of employees, contractors and customers is safeguarded, and physical assets are protected from damage or loss.