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19

Husky Started Pumping 3rd largest Offshore Project

Canadian oil refiner Husky Energy Inc. has started pumping oil at Canada's third major East Coast offshore

Canadian oil refiner Husky Energy Inc. has started pumping oil at Canada's third major East Coast offshore project White Rose field of the C$2.4 billion ($2 billion) with crude more than twice the price of when construction began 3-1/2 years ago.

Husky said on Monday that White Rose is expected to hit peak output of 100,000 barrels a day in the first half of 2006, 22 years after it discovered the field in the rough seas of the North Atlantic.

The first oil shipment is scheduled for later this month.