Skip to main content

The Globe and Mail

Husky approves two new heavy oil projects in Saskatchewan

Calgary-based Husky says the two projects will deliver a total of 20,000 barrels per day, with the first oil expected in 2016.

Fred Lum/The Globe and Mail

Husky Energy Inc. has given the green light to two new heavy oil construction projects in Saskatchewan in the Lloydminister region.

Calgary-based Husky (TSX:HSE) says the two projects will deliver a total of 20,000 barrels per day, with the first oil expected in 2016.

Construction of the Edam East project has already started while work at the Vawn project is set to begin later this year.

Story continues below advertisement

Husky Energy says the two projects are part of the company's plan to achieve a target of delivering a total of 55,000 barrels a day by 2016.

Husky is majority-owned by Hong Kong billionaire Li Ka-shing and has a 2014 capital budget of $4.8-billion.

Report an error Licensing Options
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Globe Newsletters

Get a summary of news of the day

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.