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Ramp-up continues at Husky's Sunrise SAGD facility

Ramp-up continues at Husky's Sunrise SAGD facility

Husky Energy reported that its Sunrise SAGD facility averaged 38,300 bbl/day (gross) in the second quarter, an increase of 2,500 bbl/day from the first quarter. Steaming has begun on 14 previously drilled well pairs, with first oil expected to be produced by year end. Production will continue to ramp-up through the end of this year, bringing full year annual production within the range of 40,000 to 44,000 bbl/day.

SUNRISE PRODUCTION PROFILE (COURTESY HUSKY ENERGY)

Sunrise is a 50/50 JV with UK-major BP and has a nameplate capacity of 60,000 bbl/day. The company says it expects to hit its design capacity sometime in 2018, targeting an operating cost of $12 per barrel.

Total bitumen production at Husky averaged 117,400 bbl/day for the second quarter, including the Lloyd and Tucker thermal projects. Construction continues on its 10,000 bbl/day Rush Lake 2 development, expected to produce first oil in the first half of 2019.

Husky says it has completed major planned turnarounds at both the Lloydminster Upgrader and Lloydminster asphalt refinery and is still mulling a 30,000 bbl/day expansion of the refinery. A final investment decision expected sometime in 2018.


SOURCES:
HUSKY ENERGY • HUSKY ENERGY REPORTS SECOND QUARTER 2017 RESULTS • JUL 21, 2017
HUSKY ENERGY • Q2/2017 MANAGEMENT'S DISCUSSION AND ANALYSIS • JUL 21, 2017
HUSKY ENERGY • 2017 INVESTOR DAY PRESENTATION • MAY 30, 2017
MEG Energy's reservoir enhancements drive operating costs to record lows

MEG Energy's reservoir enhancements drive operating costs to record lows

Kinder Morgan Canada stumbles in its first earnings release

Kinder Morgan Canada stumbles in its first earnings release

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