Husky Energy expects rise in oil production

Stockhouse Editorial
0 Comments| December 3, 2012

Husky Energy (TSX: T.HSE, Stock Forum) Monday said 2013 production is expected to be in the range of 310,000 to 330,000 barrels of oil equivalent per day (boe/day), compared with estimated average annual production of 301,000 boe/day for 2012, this according to a company news release.

Canada's third-largest integrated oil company added that its capital expenditure program for 2013 is expected to be $4.8 billion, up from $4.7 billion in 2012.  

"Our major growth projects in Asia Pacific, the Oil Sands and the Atlantic Region are progressing and continue to meet their milestones. The rejuvenation of our foundation in Heavy Oil and Western Canada is also well underway with increased production from heavy oil thermal projects and an emerging focus on oil resource plays," said Husky CEO Asim Ghosh.   

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