The Sunrise Energy Project is a key component of Husky's oil sands growth platform. Sunrise marks the beginning of a new era for Husky in developing this increasingly important source of energy. This joint venture is an innovative, efficient North American energy solution that represents a responsible approach to resource stewardship.
Located 60 kilometres northeast of Fort McMurray, Sunrise is considered a world-class reservoir with 3.7 billion barrels of proved, probable and possible reserves (180 million proved, 1,242 million probable and 431 million possible). Husky's working interest is 50 percent.
Regulatory approvals are in place for 200,000 barrels per day. The first phase, representing an investment of $2.5 billion, is expected to produce about 60,000 barrels per day with first oil production in 2014. Pre-engineering for Phase 2 pre-engineering is underway.
Husky operates the oil sands facilities and its partner operates the jointly owned refinery near Toledo, Ohio, where bitumen will be processed into various transportation fuels.
Major construction for the Sunrise Central Plant Facility and Field Facilities has commenced and transportation agreements are in place.