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Husky signs sales deals for gas field in Indonesia

Husky Energy Inc. has signed deals with several Indonesian companies for sales of natural gas from the Madura BD field in Indonesia. Calgary-based Husky said yesterday it had signed preliminary gas sales deals with PT Parna Raya, PT Inti Alasindo Energy, and PT Perusahaan Gas Negara Tbk. Husky also said it's negotiating an extension to the Madura Strait production sharing contract with the Indonesian government. The Madura BD field, off the coast of East Java, is estimated to contain 515 billion cubic feet of natural gas and 23 million barrels of liquids. Production is projected at 100 million cubic feet per day of gas and 6,500 barrels daily of liquids. Husky Oil (Madura) Ltd., a wholly owned unit of Husky Energy, operates the Indonesian field. HSE (TSX) fell 67 cents to $39.90.

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