Husky has pioneered the development and production of heavy oil in Western Canada and remains the dominant player. Its position is enhanced by synergies with its nearby heavy oil upgrader facility and asphalt refinery. The Company holds more than 1.7 million acres in the Lloydminster area straddling Alberta and Saskatchewan, of which approximately two-thirds is undeveloped.
Husky is increasing its heavy oil production utilizing its large undeveloped land position with the application of improved technologies, reduced cost and increased upgrading capacity. In addition, Husky owns and operates 19 oil treating facilities tied into its pipeline system in the Lloydminster area.
|