Husky Energy Inc.707-8th Avenue SW
Box 6525, Station "D"
CA, T2P 3G7
- Phone: 403-298-6111
- Fax: 403-298-7464
- Website: www.huskyenergy.com
Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the Company's Investor Day in May 2018, and includes capital spending reductions resulting from Alberta's mandated oil production cuts.
Operations remain suspended at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather late last week.
Husky Energy Inc. has announced a proposal to acquire all of the outstanding shares of MEG Energy Corp. for implied total equity consideration of approximately $3.3 billion. This proposal values MEG at an implied total enterprise value of $6.4 billion, including the assumption of approximately $3.1 billion of net debt.
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has lifted the notice to suspend operations for the SeaRose floating production, storage and offloading (FPSO) vessel and associated facilities.