Husky energy starts production at steam-assisted oil project

Despite a rocky economy, Husky Energy Inc. has gone ahead with production at its Edam East steam-assisted oil project near Lloydminister, Saskatchewan.

“Our growing portfolio of heavy oil thermal projects continues to lead Husky’s transition into a low sustaining capital business,” Husky Energy CEO Asim Ghosh said in a statement. “Edam East is another example of the quick ramp ups that we’ve come to expect from these developments, which have operating costs among the lowest in the industry.”

Edam East officially opened in the beginning of March and took seven weeks to reach production of 10,000-bpd.

(Written by: N. Reitmayer; Original information source: Calgary Herald /)