White Rose

The White Rose field offshore Canada's East Coast is a core asset for Husky. First oil from the project was achieved on-budget and ahead of schedule on November 12, 2005.

Husky is the operator of and has a 72.5 percent working interest in the White Rose development on the eastern margin of the Jeanne d'Arc Basin, approximately 350 kilometres east of St. John's. The field is comprised of the North, West and South Avalon pools. Initial development will focus on the South Avalon Pool. White Rose is being developed with a floating production, storage and offloading (FPSO) vessel.

Project Summary

• Focusing on the South Avalon oil pool, the initial White Rose development is located in a water depth of 120 metres, Total oil reserves are 160 mmbbls (proven 92 mmbbls, probable 24 mmbbls and possible 44 mmbbls) as of December 31, 2008.
• Oil is 30 degrees API, which is similar in quality to Hibernia oil.
• A total of 21 wells support the core White Rose development; 10 water injectors, three gas injectors and eight production wells.
• Approximately 11 wells required for the initial North Amethyst satellite tieback.
• Reservoir pressure maintenance is via water injection.
• Surplus natural gas will be re-injected into the North Avalon Pool for future extraction.
• Subsea equipment sits in three glory holes excavated in the sea floor to provide added protection from icebergs.
• Shuttle tankers load oil from the stern of the FPSO.
• Overall production system is designed for a 20-year life.
• The original name plate capacity for the SeaRose FPSO of 100 mbbls/day was increased to 140 mbbls/day in 2007.

Milestones

• South White Rose Extension discovery, 2003
• First oil, White Rose, November 2005
• North Amethyst and West White Rose discoveries, 2006
• North Amethyst glory hole dredged, Summer 2007
• Government and regulatory approvals received for North Amethyst, April 2008
• North Amethyst development drilling, February 2009

Canada's East Coast Fact Sheet