Oil Sands

Husky has a significant portfolio of oil sands leases and plans to use in-situ steam assisted gravity drainage (SAGD) or Cyclic Steam Stimulation (CSS) methods to recover the bitumen, where steam injected into the reservoir heats the bitumen so it moves more easily, allowing it to be pumped to the surface.

The Sunrise Energy Project began steam operations in December 2014. The Company has 15 other properties in its emerging oil sands portfolio.

Environment

Environmental considerations are built into the design, construction and operation of Husky's oil sands projects. Emerging technologies have allowed the oil sands industry to reduce its emissions intensity (a measure of greenhouse gas emissions per barrel of oil produced) by more than 30 percent since 1990. SAGD technology eliminates the need for large tailings ponds.

Husky will conduct comprehensive air monitoring programs at Sunrise while the Company's Environmental Performance Reporting System (EPRS) will facilitate and make available accurate environmental data.