Husky and Petro-Canada have reached a rig-sharing agreement with Norwegian energy firm StatoilHydro to bring the Henry Goodrich, a harsh environment semi-submersible drilling unit, to the offshore Newfoundland and Labrador offshore.
Husky, which has extensive land holdings and drillable prospects in the region, has secured the rig for approximately 17 months. Husky has already contracted the GSF Grand Banks for a period of three years which is currently operating in the offshore Newfoundland and Labrador.
Husky will utilize the Henry Goodrich and the GSF Grand Banks to drill infill producers and injectors to enhance production at the existing White Rose oil pool and progress the White Rose satellite developments including North Amethyst and West White Rose.
To secure further exploration interests in the Canadian East Coast, Husky has reached an agreement with StatoilHydro to participate in the Mizzen exploration well on the exploration license EL 1049 in the Flemish Pass basin. Under the agreement, Husky will have a 35% working interest in the license. The Mizzen well is expected to be drilled with the Henry Goodrich later in 2008.
